The Fund of Funds invests in opportunities, businesses, and people. During the 2014-2020 programming period, this was practically demonstrated through the implementation of financial instruments that successfully boosted business development and employment growth in the country. A considerable achievement is the creation of over 2,500 new jobs across various sectors. More than 3,500 final recipients received support through the Fund's instruments, with a total resource of BGN 1.8 billion that have been invested, which helped them start their own businesses and secure financing for sustainable growth. Thanks to this support even in the challenging conditions of Covid-19 pandemic it was possible to maintain and even expand employment.
The results of the 2014-2020 programming period will be presented on an event organized by the Fund of Funds in May, 2024. Attendees will be provided with detailed data and examples covering the implementation of financial instruments during the past multiannual framework. During the event, aggregated information will be shared regarding the key factors for unlocking business potential, creating sustainable employment, and addressing unemployment issues. We will learn about proven mechanisms for job creation, encouraging entrepreneurial initiatives, and boosting the diversity and competitiveness of the economy in Bulgaria.
