Professional experience fund

PDF Version
Name of the instrument - Local language
Fonds de l'Expérience professionnelle
Name of the instrument - English translation
Professional experience fund
Scheme ID
333
Country
Belgium
Reporting year
2020
Type of instrument
Grant for companies
Sub-type of instrument
Support for direct costs
Type of entry
Single instrument
Short description

This instrument is targeted at private sector companies to improve the working conditions for employees older than 45. A subsidy can be obtained for buying specific equipment or for participating in training aimed at improving working conditions. The training can be focused on using new ergonomic machines and equipment, acquiring additional skills for a new function, reducing psychological stress, ergonomic training, etc. Between 50% and 70% of training costs can be reimbursed (with a maximum of EUR 30 000 per project per year). There is no preferential treatment. The same applicant can use the scheme once in each calendar year.

Not applicable
Level of operation
Regional
Name of a part of the country
Not applicable
Name of the region (for regional instruments)
Wallonia
Name of the sector (for sectoral instruments)
Not applicable
Relevance
Key instrument
Law of 5 septembre 2001 visant ą améliorer le taux d'emploi des travailleursChanged by Law of 27 DECEMBRE 2004. - Loi-programme (a.o. to get its current name)
Objective(s) and target(s)
The main objective is to improve working conditions for 45+
Year of implementation
2016
Operation/management
FOREM (Public Service for Employment and Vocational Training in Wallonia) provides the funding and is the main government body involved in the management of the instrument. This grant is targeted at private sector firms to improve the working conditions for employees older than 45. A subsidy can be obtained for buying specific equipment or for participating in training aimed at improving working conditions. The training part could for example focus on using new ergonomic machines and equipment, acquiring additional skills for a new function, reducing psychological stress, ergonomic training, etc.Between 50% and 70% of training costs can be reimbursed (with a maximum of 30.000 per project per year)
Eligible group(s)
Eligible individuals are employees older than 45 in private sector companies, located in the region of Wallonia.
Group(s) with preferential treatment
No preferential treatment
Education and training eligible
The type of education eligible refers to training to improve working conditions. The training part could for example focus on using new ergonomic machines and equipment, acquiring additional skills for a new function, reducing psychological stress, ergonomic training, etc.
Source of financing and collection mechanism
FOREM (Public Service for Employment and Vocational Training in Wallonia) provides the funding and is the main government body involved in the management of the instrument.
Financing formula and allocation mechanisms
Between 50% and 70% of training costs can be reimbursed (with a maximum of EUR 30 000 per project per year). If firms have completed a validated questionnaire on the work faculties and / or completed a validated diagnosis on this, the subsidy is 70%. If not: 50%. The funding is transferred for reimbursing the costs, and the payment is made in 3 installments: 30%-30%-40%. The principle of disbursement is first come, first served.The grant can be used once in each calendar year.
Eligible costs
Training costs to improve working conditions of 45+ employees
Volumes of funding
Not available
Beneficiaries/take up
Not available
Organisation responsible for monitoring/evaluation
FOREM, Public Service for Employment and Vocational Training in Wallonia.
Recent changes

Recent changes in response to COVID-19

No changes

Sources
https://www.leforem.be/entreprises/aides-financieres-fonds-experience-p…
On this page: