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Regional Challenge Fund (RCF) ANNOUNCEMENT OF THE 2ND CALL FOR EXPRESSION OF INTEREST

Regional Challenge Fund (RCF) ANNOUNCEMENT OF THE 2ND CALL FOR EXPRESSION OF INTEREST

The Regional Challenge Fund (RCF) is a financing facility designed to increase employability, especially youth. It boosts the competitiveness of enterprises in Western Balkan 6 economies by funding investments in equipment and infrastructure for selected cooperative or dual training projects implemented through partnerships between vocational training institutes and enterprises. The grants are allocated through a competitive regional challenge.

After implementing the first call for Expressions of interests in 2021,  the RCF opens the second call for Expressions of interest and invites interested consortia of vocational training institutes and enterprises devoted to joint implementation of cooperative training programmes to apply and:

  • Compete for the opportunity to realize substantial investments in training equipment and training facilities at vocational training institutes and encourage the introduction of new technologies
  • Support the development of cooperative training methods to address human resource shortages effectively and   strategically approach capacity building
  • Improve employability of trainees/VET graduates and their integration into the labour market
  • Increase productivity and competitiveness of local enterprises as a result of successfully implemented cooperative training programmes.

The second call for expressions of interest will be open until April 14th, 2022, at 23:59. The call is published simultaneously in the six Western Balkan economies: Albania, Bosnia and Hercegovina, Kosovo*, Montenegro, North Macedonia, and Serbia. The RCF invites applications from all six economies and all economic sectors.

The expressions of interest can be submitted by VET consortia formed of vocational training institutes and a minimum of two enterprises jointly engaging in the provision of cooperative VET. Consortia, led by vocational training institutes implementing cooperative or dual VET programmes that lead to nationally recognised certificates in one of the WB6 economies, can apply.

More about the call is available at the RCF website: Announcement of the 2nd Call for Expressions of Interest

(Source: The Regional Challenge Fund)

 

* This designation is without prejudice to positions on status and is in line with UNCSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence.

 

 

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