Supporting human and economic capital of migrants

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Presentation by Davide Libralesso (Project manager Su.Pa Project)on the occasion of the SOC section hearing on Migrant entrepreneurs’ contribution to the EU economy on 24.11.2011 in the framework of the Permanent Study Group on Immigration and Integration.

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Supporting human and economic capital of migrants

  1. 1. SU.PA. SUCCESSFUL PATHSSUPPORTING HUMAN AND ECONOMIC CAPITAL OF MIGRANTS Brussels, 24 November 2011
  2. 2. EU ORIENTATIONSRemittances for developmentFacilitating the involvement of diasporas in the development of theCountries of originPromoting the value of human capital
  3. 3. PROMOTING CO-DEVELOPMENT (Role of migrants in the development of their Countries of origin) LEVERAGING HUMAN and ECONOMIC CAPITAL OF MIGRANTS HUMAN CAPITAL REMITTANCES FOR DEVELOPMENT TRANSFER OF KNOWLEDGE SAVINGS FOR INVESTMENTSSKILLS AQUIRED WHEN IN THE EU SUPPORTING MIGRANT ENTREPRENEURSHIP Starting from the migrant entrepreneurship experience in Italy Veneto and Marche regions
  4. 4. REALIZED TOOLS…→ Network of Desks (3 in Italy, 1 in Senegal) to support migrant entrepreneurship→ Support the access to credit Definition and Implementation of the Su.Pa. Guarantee Fund for investments→ TA in the field, monitoring, follow-up of the projects at local level 4
  5. 5. SU.PA. GUARANTEE FUND FOR MIGRANT INVESTMENTSNEED TO ALLOW ACCESS TO CREDIT LOCALLY FORSME’S LED BY RETURNEES / MIGRANTSINITIATIVE PILOTED IN SENEGAL BECAUSE:Economic and Institutional condition of the CountryRelations with the Diaspora (About 12.000 In Veneto)
  6. 6. NO MORE GRANTS BUT FINANCIAL (2006-2007) GUARANTEES FOR THE MOST VALUABLE PROJECTS Guarantee FUND start-up FUNDED BY PUBLIC RESSOURCES (Regional Funds) Opportunity for Public and Private Investors
  7. 7. HOW DOES IT WORK? …1/2 GF IN ITALY AT BANCA POPOLARE ETICA1 (MANAGEMENT) SUPPORT TO THE CREATION OF COLLATERAL2 GUARANTEES / CO-FINANCING3 ASSESMENT/RATING IN ITALY FEASIBILITY ANALYSIS IN SENEGAL
  8. 8. HOW DOES IT WORK? …2/2 FIELD SUPPORT AND BANKARIZATION OF THE4 PROJECT PROPOSALS (Agreements with local banks) CREDIT PROVIDED (different tools) TO5 BENEFICIARIES LOCALLY6 PROJECTS FOLLOW-UP IN THE FIELD
  9. 9. BUSINESS PROJECTS HIGHLIGHTSOVER 40 PROJECT PROPOSALS RECEIVED10 SHORT-LISTED6 TO LOCAL BANKS FOR FINANCING15% APPROX SUCCESS RATE (PREVIOUS TO BANK DECISION)FINANCIAL HIGHLIGHTS first 6 Projects (at 22/11/2011):AVERAGE BUDGET PER PROJECT: € 69.000TOTAL BUDGET SELECTED PROPOSALS: € 414.500TOTAL REQUESTED GUARANTEES: € 205.000TOTAL COLLATERAL PROVIDED: 209.500 9
  10. 10. SUSTAINABILITY OPPORTUNITIES1. Model to be applied at regional level to other Countries (e.g. Western Africa / BCEAO Countries)2. Improved cooperation with entrepreneurs organizations, pilot actions with migrants already entrepreneurs in the EU3. Capacity building / Training to beneficiaries4. Investing in tools, as the Guarantee Fund and related structures For SHORT and LONG TERM IMPACTS LOCAL INVESTMENTS DEVELOPMENT and MIGRATION 10
  11. 11. Join the dialogue at:www.supaproject.wordpress.com davide.libralesso@regione.veneto.it

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