"Youth unemployment is one of the biggest challenges we are facing in Europe. I am pleased that we can provide young people in a number of European countries with opportunities they would not have had without this fund", Minister of Foreign Affairs Ina Eriksen Søreide said.
The €60 million EAA and Norway Grants Fund for Youth Employment was launched on 26 April 2017 to promote sustainable and quality youth employment in Europe.
Now 27 projects with 205 project partners from 25 European countries have been selected to receive funding.
In total, the projects aim to:
· Facilitate for 25 000 young people to find a job
· Create 3500 jobs in NGOs, social enterprises and the ordinary labour market
· Help 1800 young people start up their own business
The primary target group is long-term unemployed and disadvantaged youth in the 22-29 age group, including mothers, people with health problems and disabilities, and people from ethnic minorities.
The projects are expected to start in autumn 2018. You will find more information about the projects here.
Facts about the EEA and Norway Grants
· Norway is part of the European internal market through the EEA Agreement.
· The aim of the EEA and Norway Grants is to reduce social and economic disparities in Europe and strengthen cooperation between Norway and the beneficiary countries.
· For the period 2014-2021, EUR 2.8 billion has been set aside under the EEA and Norway Grants for distribution among 15 beneficiary countries.
· Norway provides about 98 % of the EEA and Norway Grants. Iceland and Liechtenstein provide the rest.