Regional Challenge Fund
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Regional Challenge Fund Details
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 projectThe Fund was commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ), delegated to KfW Development Bank, and is executed by the Western Balkans 6 Chamber Investment Forum.
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