The new edition of the AL-INVEST programme (EU-LA Alliance for Sustainable Growth and Jobs), AL-INVEST Verde, is an initiative co-financed by the European Union with the objective of promoting the growth of small and medium-sized enterprises in Latin America. Through the implementation of sustainable practices, such as the reduction of the carbon footprint in their processes, greater efficiency in the use of resources, and digital transformation, the programme fosters the green transition towards a more circular economy. AL-INVEST Verde will provide 25 million euros in funding for innovative projects (incl. an own contribution of at least 20%) as a result of business partnerships between Latin American and European business support and business membership organizations.
AL-INVEST Verde is built around 3 components:
- Component 1 is designed to mobilize EU know-how and investment to support business growth within the private sector in Latin America. This component is being implemented by a consortium of seven institutions led by sequa.
- Component 2 promotes policy advocacy to effectively implement core environmental and labor standards. It is executed by a consortium organized by FIIAPP and IILA.
- Component 3 focuses on intellectual property rights. It is managed by the corresponding EU office EUIPO.
Innovative partnership projects for the green transition of SMEs
The Component 1 of the programme is led by sequa along with a consortium of six business membership organizations across Latin American countries and Europe to manage funds to implement sustainable practices and promote digital transformation in the private sector.
The programme will provide funding of 25 million euros for innovative projects from business partnerships between Latin American and European business support organizations. These grants are provided through competitive funds. The first call for proposals for innovative projects was closed on July 4, 2022, and the second one will be announced presumably in late 2022 / early 2023. The consortium is responsible for preparing and promoting the call including the evaluation, selection, financing and continuous support during implementation of the partnership projects that contribute to the programme´s objectives.
AL-INVEST Verde will last 48 months –from December 2021 to November 2025- and will contribute between EUR 250.000 to EUR 300.000 per project. This contribution covers up to 80% of the grant projects’ eligible costs.
The target group of the funded projects are small and medium sized enterprises in Latin America, engines of the region’s economy and key players to promote sustainable development. These SMEs have great potential to respond to market needs, generate better employment, and expand improved living conditions in Latin American target countries.
The Component 1 of the programme is led by sequa along with a consortium of the following institutions:
Guatemalan Exporters' Association (AGEXPORT)
Brazilian Confederation of Trade and Business Associations (CACB)
CAINCO Chamber of Industry, Commerce, Services and Tourism of Santa Cruz - Bolivia
Chamber of Commerce of Lima in Peru (CCL)
Employers' Confederation of the Mexican Republic (Coparmex Jalisco)
EUROCHAMBRES, an organisation representing the chambers of commerce in Europe
Bundesverband der Deutschen Industrie e.V.
The Voice of German Industry
Cámara Argentina de Comercio y Servicios
Centro de Desenvolvimento Sustentável UnB
National Confederation of Municipalities (CNM)
Confederación Patronal de la República Mexicana
Association of German Chambers of Commerce and Industry (DIHK)
European Business and Innovation Centre Network
Ministerio de la Producción Peru
The Component 1 of the programme will support projects in the following countries:
- Costa Rica
- El Salvador