The European Parliament and the Council reached a political agreement on the EU programme for Employment and Social Innovation (EaSI) with a proposed budget of €815 million for the 2014-20 period.
EaSI will support Member States efforts in the design and implementation of employment and social reforms at European, national as well as regional and local levels by means of policy coordination, the identification, analysis and sharing of best practices.
EaSI integrates and extends the coverage of three existing programmes:
which will be allocated respectively 61%, 18% and 21% of the budget.
Together with the European Social Fund, the Fund for the European Aid for the most Deprived and the European Globalisation Adjustment Fund, EaSI forms the fourth pillar of the EU Initiative for Employment and Social Inclusion 2014-2020.
The political agreement will follow the ordinary procedure and should be endorsed by the European Parliament and Council before the end of 2013 to allow the launching of EaSI in January 2014.
With the new proposal, the overall EURES system will be strengthened beyond 2013:
The overall EURES budget is expected to remain the same, at around €20 million per year, with around one third of the budget for modernising the EURES Portal and one third for the development of the targeted mobility schemes.
The new programme will:
The total proposed budget for the microfinance and social entrepreneurship axis is around €171.15 million for the period 2014-2020. Access to microfinance would receive €77.75 million, that could result in €400 to 450 million of microloans. Institutional capacity building would receive almost €8 million and €85 million would be dedicated to support social entrepreneurship.
For the period 2014-2020, the 'Progress' element of EaSI will continue its current activities (analysis, mutual learning and grants) and will have a specific budget for social innovation and social policy experimentation.
The total proposed budget for 'Progress' is around €500 million for the period 2014-2020.