Transaction Costs Support for social finance intermediaries
Open
Status as published by the data source.
Expected Outcome:
The general objective of the call is to further develop the social enterprise finance market by supporting the social finance intermediaries to provide the needed capital to social enterprises and mission-driven enterprises.
In this direction, the call builds upon previous similar calls and aims above all to support social finance intermediaries who undertake long-term risk capital investments in social enterprises and mission-driven enterprises. Therefore, the key objective of the present call of proposals is to catalyse risk capital investments below EUR 1 000 000 that otherwise would not happen in the area of social enterprise finance. The call aims to support the transaction costs for these low value investment tickets and thus to help to overcome the identified market failure / mismatch in the social investment market.
The present call also encourages the European (trans-national) and innovative dimension of social finance schemes and support towards emerging social finance markets, e.g. via cross-border investments and cooperation, dissemination of good practices, etc.
Under this call for proposals, the transaction costs support scheme will take the form of a grant, and it can be combined with financial instruments as means to address the mismatch of needed and sustainable ticket sizes.
By transaction costs, this call for proposals understands the different costs linked to these investments, such as due diligence related costs, legal advice fees, travel costs, business development support costs, support towards establishing an impact measurement and management plan or system, etc.
Scope:
The action grants are aimed at financial intermediaries that undertake long-term risk capital investments in ticket sizes of less than EUR 1 000 000 in social enterprises and mission-driven enterprises in EU Member States and ESF+ Associated Countries.
The long-term capital investment can take the form of:
• equity, understood as the provision of capital to a firm, invested directly or indirectly in return for total or partial ownership of that firm and where the equity investor may assume some management control of the firm and may share the firm’s profits.
• quasi-equity, understood as a type of financing that ranks between equity and debt, having a higher risk than senior debt and a lower risk than common equity. Quasi-equity investments can be structured as debt, typically unsecured and subordinated and in some cases convertible into equity, or as preferred equity.
• or hybrid financing, understood as any flexible form of repayable finance combining the characteristics/features of at least two of the three financing instruments: grant, debt, and equity.The action grants should serve to cover part of the transaction costs for these small investment tickets and thus help overcome a market failure in the social enterprise finance market.
The long-term risk capital investment can reach per investee at maximum EUR 1 000 000 over a period of 18 months.
This means that if a second investment in the same social enterprise or mission-driven enterprise takes place within less than 18 months from the first investment and this raises the cumulative amount invested above the limit of EUR 1 000 000, the costs of the activities related to the first investment become ineligible for grant support, and any related payments already made by the Commission will be subject to recovery.
- Status
- Open
- Deadline
- (time not stated)
- Opens
- Published
- Total budget
- €4,700,000
- Country
- European Union (EU-wide)
- Programme
- European Social Fund + (ESF)
- Official page
- Open at the source portal
Other calls under European Social Fund + (ESF)
- Posting of workers: enhancing administrative cooperation and access to information
- Inclusive Incubation and Finance for More Entrepreneurs
- Implementation of a European Tracking Service for pensions
- Support to the European Platform on Combatting Homelessness
All calls under this programme
Similar opportunities
- Inclusive Incubation and Finance for More Entrepreneurs
- Pre-commercial procurement of affordable solutions for healthcare systems in the areas of cancer technologies, cancer medical devices, or cancer medicines
- EIC STEP Scale Up
- Support for social dialogue
- ENGAGEMENT ACTIONS BY CHANGE-MAKERS
- CIVIL SOCIETY ENGAGEMENT ACTIONS
Where this came from
- Source document
- https://ec.europa.eu/info/funding-tenders/opportunities/data/topicDetails/esf-2026-ag-tcs.json
- Document fingerprint
44eb826006f72c63(SHA-256, first 16 hex characters)- Retrieved
- First recorded here
What has changed
- url first recorded as https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/opportunities/topic-details/esf-2026-ag-tcs on
- currency first recorded as EUR on
- amount_max first recorded as 0.00 on
- amount_min first recorded as 0.00 on
- budget_total first recorded as 4700000.00 on
- deadline first recorded as 2026-09-23 on
- opens_on first recorded as 2026-06-18 on
- published_on first recorded as 2026-06-11 on
- status_basis first recorded as source_status on
- status first recorded as open on
- title first recorded as Transaction Costs Support for social finance intermediaries on
Data source
© European Union, 2026. Source: EU Funding & Tenders Portal. Reused under Commission Decision 2011/833/EU — CC BY 4.0.
Retrieved from the source on .
The source last updated this document on Wed, 29 Jul 2026 12:41:49 GMT.
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