The Council has adopted the new EU programme for Employment and Social Innovation (EaSI) with €920 million available for the 2014-2020 period. The new programme will be launched on 1 January 2014.
EaSI integrates and extends the coverage of three existing financial instruments: Programme for Employment and Social Solidarity (Progress), the European network of Public Employment Services EURES and the European Progress Microfinance Facility.
"This integrated approach will increase the coherence and impact of these instruments. EaSI, notably via its focus on innovative projects, will be vital for better contributing to the Europe 2020 Strategy for Jobs and Growth", EU Commissioner for Employment, Social Affairs and Inclusion, László Andor said.