Outstanding Interest From SMEs to FOSTER Project Information Meetings

SMEs have shown great interest to information meetings held in 15 provinces within the scope of Empowering the Private Sector to Foster Social and Economic Cohesion in Türkiye (FOSTER) Project.

More than 1,000 SMEs representatives attended the information meetings held in Adana, Ankara, Bursa, Gaziantep, Hatay, İstanbul, İzmir, Kahramanmaraş, Kayseri, Kilis, Kocaeli, Konya, Mardin, Mersin and Şanlıurfa.

The details of the Employment Committed SME Support Programme and Employment Committed SME Finance Support Programme were shared with participants. SMEs’ representatives addressed their questions about code of practice and conditions of projects to experts during the meetings.

Within the scope of Employment Committed SME Support Programme, a total of up to EUR 35 million of grant support will be provided to at least 697 businesses. Employment will be supported for at least 2,788 people through creation and retention of formal employment.

The other component of the Project, Employment Committed SME Finance Support Programme provides support for financing costs of loans for at least 1,500 SMEs in return of creation and retention of formal employment for at least 3,000 people.

FOSTER Project is financed by the European Union (EU), managed by the KfW Development Bank and implemented by KOSGEB.