Investment Co-Financing Facility (ICF)
The Investment Co-Financing Facility (ICF) is a risk-sharing grant to support commercially sound, job-creating, private sector investments which otherwise may not be considered viable due to market and institutional failures and other Fragile Conflict Violent (FCV) risk considerations. By providing additional funding, the ICF aims to incentivize private investors to mobilize capital, thus, create sustainable employment opportunities, particularly for women, youth, the unemployed, and other vulnerable groups.
The ICF offers three types of grants:
Capital Investment Grants: These grants contribute to the capital investment cost of assets like equipment or machinery and could reach up to 30% of the capital investment cost and up to two million dollars.
Technical Assistance Grants: These grants support operational deficits and business development through activities such as product development, quality standards, market expansion, and recruiting specialized expertise and consultancies.
Emergency Response program (ERP): The ERP program is designed to assist West Bank SMEs that have been adversely affected by the economic downturn following the war on Gaza. SMEs operating in target sectors and confronting significant challenges that hinder their resilience, growth, scalability, productivity, sustainability, and expansion can benefit from grants of up to $50,000.
The ICF grants focus on targeted segments including:
