European Union (EU)

The EU provides grant funding for the two main components of the Project and have designated KfW Development Bank the contractual partner to structure and coordinate the design, implementation and reporting of the FOSTER Project benefiting from the grant funding.

The EU and the EU Delegation to Turkey  (“EUD”) provide grant financing via KfW amounting to up to EUR 71.3 million for the “Empowering the Private Sector to Foster Social and Economic Cohesion in Türkiye ” under EU FRIT II, where up to EUR 30 million is allocated for the Interest/Profit Share Subsidy Mechanism and up to EUR 35 million for the SME Support Mechanism.

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This website was created with the financial support of the European Union. The content is the sole responsibility of KOSGEB and does not necessarily reflect the views of the European Union.