EEA and Norway Grants Fund for Youth Employment commits € 2,3M to boost entrepreneurship among underserved communities

March 5, 2019

  • Scaling trust-based partnership models to recharge youth entrepreneurship: Supporting underserved communities with innovative entrepreneurship support instruments (TPM-RYE) project will activate 1.600 young people to create & grow their own business.
  • Autoocupació joins a trust-based partnership engaging expertise & implementation organizations from 6 EU countries.

With the aim to activate unemployed youth to access the labour market and promote entrepreneurship, the EEA and Norway Grants Fund for Youth Employment has granted a transnational project called Scaling trust-based partnership models to recharge youth entrepreneurship: Supporting underserved communities with innovative entrepreneurship support instruments (TPM-RYE) project committing €2,3M for the next 3 years.

The EEA and Norway Grants Fund for Youth Employment seeks to complement existing EU funding on youth employment initiatives contributing €60 million to support transnational initiatives that promote sustainable and quality youth employment.

The project is a trust-based partnership engaging 8 public & private institutions from 6 EU countries with wide experience promoting entrepreneurship among underserved youth. These organizations include regional development agencies, NGOs, universities & consultancies acting as implementation, expertise or dissemination partners. Autoocupació, will develop YES! in Spain.

It is expected that 1.600 NEETs (youth Not in Education, Employment or Training) from Greece, Poland, Italy and Spain will be provided with training, coaching, access to finance and mentoring services to start & grow their own business or to find a job. We still have more than 6 million NEETs in the European Union.

Project partners will work together gathering evidence on target group needs and existing gaps in service provision, designing & testing new financial and non-financial services for underserved young entrepreneurs. They will also measure and share the project social impact. Once evaluated, these new services will be transferred and scaled globally through the Youth Business International network with members in more than 50 countries.