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.
1. SU.PA.
SUCCESSFUL PATHS
SUPPORTING HUMAN AND ECONOMIC CAPITAL
OF MIGRANTS
Brussels, 24 November 2011
2. EU ORIENTATIONS
Remittances for development
Facilitating the involvement of diasporas in the development of the
Countries of origin
Promoting the value of human capital
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 INVESTMENTS
SKILLS AQUIRED WHEN IN THE EU
SUPPORTING MIGRANT ENTREPRENEURSHIP
Starting from the migrant entrepreneurship experience in Italy
Veneto and Marche regions
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
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5. SU.PA. GUARANTEE FUND FOR MIGRANT
INVESTMENTS
NEED TO ALLOW ACCESS TO CREDIT LOCALLY FOR
SME’S LED BY RETURNEES / MIGRANTS
INITIATIVE PILOTED IN SENEGAL BECAUSE:
Economic and Institutional condition of the Country
Relations with the Diaspora (About 12.000 In Veneto)
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. HOW DOES IT WORK? …1/2
GF IN ITALY AT BANCA POPOLARE ETICA
1 (MANAGEMENT)
SUPPORT TO THE CREATION OF COLLATERAL
2 GUARANTEES / CO-FINANCING
3 ASSESMENT/RATING IN ITALY
FEASIBILITY ANALYSIS IN SENEGAL
8. HOW DOES IT WORK? …2/2
FIELD SUPPORT AND BANKARIZATION OF THE
4 PROJECT PROPOSALS
(Agreements with local banks)
CREDIT PROVIDED (different tools) TO
5 BENEFICIARIES LOCALLY
6 PROJECTS FOLLOW-UP IN THE FIELD
9. BUSINESS PROJECTS HIGHLIGHTS
OVER 40 PROJECT PROPOSALS RECEIVED
10 SHORT-LISTED
6 TO LOCAL BANKS FOR FINANCING
15% APPROX SUCCESS RATE (PREVIOUS TO BANK DECISION)
FINANCIAL HIGHLIGHTS first 6 Projects (at 22/11/2011):
AVERAGE BUDGET PER PROJECT: € 69.000
TOTAL BUDGET SELECTED PROPOSALS: € 414.500
TOTAL REQUESTED GUARANTEES: € 205.000
TOTAL COLLATERAL PROVIDED: 209.500
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10. SUSTAINABILITY OPPORTUNITIES
1. 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 EU
3. Capacity building / Training to beneficiaries
4. Investing in tools, as the Guarantee Fund and related structures
For SHORT and LONG TERM IMPACTS
LOCAL INVESTMENTS DEVELOPMENT and MIGRATION
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11. Join the dialogue at:
www.supaproject.wordpress.com
davide.libralesso@regione.veneto.it