The second period for submitting applications to the Partnership for Impact program, launched by the Regional Operational Program CRESC Algarve 2020, within the framework of Portugal Social Innovation, was extended until June 6.
Launched in February, this notice is intended for projects for sustainability, innovation and social experimentation, to be implemented through that instrument, and its specific objectives are to support the promotion of social entrepreneurship and to foster innovative local social development approaches and promote local strategies for active inclusion.
In line with the specific objectives of CRESC Algarve 2020, the Impact Partnerships program financing instrument aims to stimulate the creation, development and / or growth of Social Innovation and Entrepreneurship Initiatives (IIES) with a high impact potential, promoting operational and financial robustness and to stimulate the practice of social investment by leveraging private or public financing of social investors and deepening their vocation of impact philanthropy, which implies multiannual financial support to initiatives, providing follow-up and requiring measurement of results and financial sustainability.
The CRESC Algarve 2020 has reserved an amount of 2.5 million euros, with the public contribution of eligible expenditure divided by the European Social Fund – ESF (80%), and the applications must be submitted at the Balcony 2020 until 18:00 of June 6, 2019.
For more information, interested parties should consult the official website of CRESC Algarve 2020.