Eligibility Criteria

1. Principles: Should adhere to CFYE’s guiding principles & priorities.
2. Exclusion Criteria: The project and organizations involved in delivering the project must pass the FMO exclusion criteria.
3. Operational Criteria: 

• The lead applicant, or at least one of the consortium partners, must have local operating presence in country.
• The applicant must be able to begin operations no later than October 2022.

4. Applicant Profile: 

• We strongly invite applications from private sector companies, as we believe that private sector involvement is the most effective way to develop and test market-based solutions that respond to the challenge of youth employment.
• Large enterprises are welcome to apply but must demonstrate strong additionality of CFYE co-funding.
• Business accelerators and impact investors are also eligible.
• Non-profit entities may also apply, but if they are the lead applicant, they must apply together with a private-sector partner with confirmed labour demand.

5. Job type: Jobs may focus on wage employment or (partial) self-employment. The jobs created, matched or improved must be for youth aged 18-35 years. The proposal must demonstrate that the aspirations and requirements of youth have been taken into consideration in the design of the concept.
6. Decency of Jobs: For jobs to qualify as “decent”, basic requirements include an average monthly income that is representative of the local living cost (depending on location), no more than 48 hours/week of work, jobs maintained for at least 6 months and compliance with the labour laws of Senegal. Internships are not considered to be decent jobs.
7. Minimum Job Targets:

• The minimum employment impact per project will be 250 jobs within the project timeframe (maximum 3 years).
• The project must meet the minimum eligibility criteria for job targets through a combination of CFYE categories: create, match or improve.
• There should be a clear Pathway to Employment in the project approach. CFYE will not support training-only projects.
• Employment creation, matching or improvement (of jobs) must be a direct outcome of the project.

8. Gender Targets: Of the total youth employment created, matched, or improved, at least 33% should be for women. Higher women inclusion targets will be regarded favourably during evaluation.
9. Budget Guidelines:

• The minimum contribution of the fund is €100,000. This should be matched by a co-investment that is at least equal to the contribution requested. For eligible sources of co-funding please check the guidelines provided in the Concept Note guidance pack on the website.
• The contribution requested from CFYE is expected to be within a reasonable range, in comparison with the lead organisation’s average annual turnover in previous years, or the income of the current year in case of a newly-established organisation. If the amount requested is significantly larger, CFYE requires an explanation as to how the organisation/project intends to manage the funds and match it with their own contribution. Guidance around the proof of managing finances is provided in the Business Case guidance.
• There is no maximum grant amount stipulated, but we will consider whether the budget is realistic and whether the applicant can raise the required co-funding. We will also assess if the grant cost per job is competitive.
• Suggested range for CFYE grant cost per job (= total CFYE co-investment / total # of jobs) is in the range of 300-800 Euros.
• Projects with a higher cost per job than this range may be considered if there is a compelling and feasible developmental additionality (e.g. high inclusion of women – in high-level jobs – or high inclusion of youth in remote areas).
• Projects that demonstrate value for money and cost-effectiveness will be viewed favourably during evaluation.
• Applicant’s in-kind contribution may not exceed 30% of their co-investment.
• Capital investment (capex) request from CFYE must not exceed 33% of the total investment.

10. Additionality: Additionality is a central consideration in the review of proposed projects. CFYE co-financing must be additional to the proposed project, i.e. funding is provided to bring about activities and further investments in youth employment which would not otherwise occur (either at all, in the same way, time-frame, or to the same scale, quality, or speed). The provision of funding through a contract or grant agreement must not substitute or replace an organisation’s core funding, or crowd out other funding sources.

Want to apply?

Download the application brochure below.

Relevant Documentation

Want to know what to expect in our application process? Please have a look at the below documents.

Competitive Process

The Challenge Fund for Youth Employment will apply a competitive process to select the projects that will receive a grant. That means that only those projects that present a clear and convincing pathway to employment and lead to significant and sustainable results in decent employment for youth, focusing on young women and demonstrating high leverage, will be selected.