Local capital for social aims

Trial of new forms of microfinancing in regional development

In 2001 East Styria Regional Management succeeded in being selected as one of the15 European projects in the trial of new regional financing structures. A total of 600,000 euros were made available to the East Styria Regional Management to support 60 micro projects. As part of the sub-programme 'Socially Innovative and Start-up Opportunities', 30 social initiatives and 30 start-ups were chosen, which each received 10,000 euros for their project. This showed that this funding instrument can, overall, have a huge effect.

The Institute of Systemic Development developed the concept, organised the submission to the European Commission and gave support to the project during implementation.


EU-Regionalmanagement Oststeiermark


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