TYPES OF FUNDING:
The Enterprise Development Funding Window looks for initiatives that develop innovative commercial approaches to long-term job creation in ways that combine profitability with high social impact. These projects should reduce risk, remove barriers to market access or improve or broaden supply chains. Projects can include funding "umbrella" initiatives that can act as channels of support for smaller enterprises or benefit smaller enterprises indirectly, such as facilitation of market linkages and supply chain diversification. Essentially this window looks for new ways of doing things: new business models, products and markets.
This window looks to co-finance light infrastructure investment projects that are necessary to unlock job creation potential in a particular area. These projects could include providing critical missing infrastructure that creates trading opportunities; enhances access to markets; improves the business environment for enterprises and catalyses employment linked investment. The key characteristics of competitive infrastructure projects include: large scale impact; contribution to systemic change; innovation; value for money; a clear link to job creation, and a demonstrable capacity to implement.
SUPPORT FOR WORK SEEKERS:
The Support for Work Seekers Funding Window seeks to link active work-seekers, especially the youth, to formal sector opportunities and job placement. This window targets initiatives aimed at facilitating rapid access to employment and work-related training for unemployed people, particularly the youth. Projects should clearly demonstrate the potential to ultimately place work-seekers in the work environment. Broadly, this can be through the provision of training, entrepreneurial development, and job placement services. In essence, the projects should be able to leverage their capacity for skills development to create linkages between those that have successfully completed the training and job placement. The goal is to improve the quality and supply of labour.
INSTITUTIONAL CAPACITY BUILDING
The Institutional Capacity Building Funding Window recognises that institutional weaknesses may in some cases inhibit the creation of jobs. This window targets projects that will improve operational efficiencies, remove barriers to doing business, catalyse innovation and thereby scale up the potential for job creation. The objective of this funding window is to assist organisations that can influence the demand for labour and that can improve the efficiency of the labour market. The goal is to unlock institutional barriers to job creation.