Future Capital
What
is a Future Capital project?
A Future
Capital project enables ex-volunteers to pass on the experience and skills
acquired during their European Voluntary Service to the local community
and other young people. It also provides opportunities for supporting an
ex-volunteer’s professional and personal development.
Location
Future
Capital projects may take place in any of the Programme countries, but not
in third countries.
Types of supported
projects
A Future
Capital project should aim at multiplying the impact of the experience
that volunteers have acquired during their European Voluntary Service and
must not simply be a continuation of an EVS project. A Future Capital
project must be created and implemented by the volunteer personally.
Three
different types of Future Capital project are eligible for support:
- Starting up a
professional activity
This means starting up an activity which may be professional in the
non-profit or profit-making sector.
- One-off projects
The purpose of such a project is to organise a particular event or
activity, or produce a particular product or outcome, within a specified
period of time.
- Personal
development projects
These are projects under which the participants receive additional
formal or non-formal training to obtain official recognition of the
skills acquired during their EVS.
Target Group
Future
Capital is open to young people legally residing in one of the Programme
countries who have completed their European Voluntary Service. They must
apply within two years after completing it.
Support
In
setting up a Future Capital project, volunteers might need help, advice or
input from others. In this regard, assistance can be obtained from their
EVS sending organisation, which is responsible for providing a follow-up
service for volunteers after their return, and also from the host
organisation, particularly if the project is to take place in the host
country. Volunteers are also free to make contact with other organisations
that are active in the field in which the project is planned. The National
Agencies, which receive the applications, have advisers who can also help
or refer applicants to other persons able to provide assistance.
The
National Agencies may arrange training for young people wishing to launch
a Future Capital project, to help them manage the project effectively and
advise them on how to go about finding resources to supplement the
Community grant. Please contact your National Agency for detailed
information.
Priorities
- Priority 1
Projects of benefit to other young people or a local community,
including one-off projects, or those starting up a professional activity
encouraging local development.
- Priority 2
One-off or personal development projects which are integrated into a
specific project aiming at increasing employability.
- Priority 3
Personal development projects which are connected with the
experience acquired during European Voluntary Service. This could, for
example, involve obtaining formal certification of skills acquired
during EVS.
How is a project
financed?
Funding
from the YOUTH programme for a Future Capital project is based on a fixed
amount.
The
amount awarded will depend on the priority status of the project, which
will be determined in accordance with the criteria below. Projects
classified as Priority 1 will be awarded a maximum amount of € 5 000. For
the other priorities, the maximum amounts are € 3 750 (priority 2) and € 2
500 (priority 3). The maximum grant might vary depending on the country in
which the activity will take place. However, it can never exceed the
amount applied for.
How to apply?
The
application should always be submitted in the country where the Future
Capital project will take place. Application forms can be requested from
the National Agencies or downloaded from the Commission’s and other
websites. Applications should be submitted by the deadlines stipulated in
the User's Guide. Please contact the
National Agency in
your country for assistance with filling in the forms.
Two
volunteers may jointly carry out a Future Capital project. In this case,
each volunteer must apply individually, indicating that the two
applications are linked.
What are the contractual
obligations?
In
signing the contract, the volunteer undertakes to carry out the project as
presented and to communicate to the National Agency any changes or
difficulties encountered.
If the
project is not implemented as originally agreed, or if it is not actually
carried out at all, the National Agency will cancel the agreement and may
require full or partial reimbursement of the sum paid.
The European Commission
or the National Agency may carry out on-site visits to check that all
contractual obligations are being properly fulfilled.
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