Vocational Training and Education: Regional Challenge Fund

Publication date
May 22, 2023
Deadline
July 7, 2023
Short description

The Regional Challenge Fund (RCF) aims to strengthen the labour market relevance of vocational education and training by funding investments in equipment and infrastructure for training providers that engage in cooperative training activities with partnering enterprises. Youth unemployment, combined with a lack of skilled labour among the enterprises, characterise the economic situation in the Western Balkans. Hence, the aim of the Fund is to increase the employability of VET students by reinforcing a cooperative training approach in the economies of the Western Balkans 6: Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia.

The RCF supports projects that are jointly implemented by vocational training institutes and partnering enterprises that engage, or plan to engage, in cooperative training activities. They can receive support for developing new programmes or expanding and improving existing offers.

The grants are allocated to consortia that have successfully passed the two-step competitive selection process. The RCF provides financial and accompanying support to the selected consortia for: - Workshop infrastructure and equipment for training facilities within the vocational training institutes - Training of vocational training institute teachers, in-company trainers and cooperative training coordinators (in vocational training institutes and enterprises) required for the implementation of the funded training programme - Advisory support during the planning and implementation of the project.

Involved stakeholders: German Federal Ministry for Economic Cooperation and Development, Swiss Government, represented by SDC Swiss Development Cooperation, KfW Development Bank, Western Balkans 6 Chamber Investment Forum (WB6-CIF), a joint initiative of chambers of commerce from the region.

The 3rd call for Expressions of Interest invites interested consortia of vocational training institutes and enterprises devoted to joint implementation of cooperative training programmes to apply and:

  • Compete for the opportunity to realize substantial investments in training equipment and training facilities at vocational training institutes and encourage the introduction of new technologies
  • Support the development of cooperative training methods to address human resource shortages effectively and strategically approach capacity building
  • Improve the employability of trainees/VET graduates and their integration into the labour market
  • Increase productivity and competitiveness of local enterprises as a result of successfully implemented cooperative training programmes.

For more information see the source page of this information: here and here

Type
  • Other
Geographical focus
  • Albania
  • Bosnia and Herzegovina
  • Kosovo*
  • Montenegro
  • Republic of North Macedonia
  • Serbia
  • Western Balkans
Scientifc field / Thematic focus
  • General

Entry created by POLICY ANSWERS Project support on July 26, 2023
Modified on July 26, 2023