January 24, 2022

Funding opportunities

Funding opportunities

Funding opportunities for migrant entrepreneurs

Migrant entrepreneurs face a series of difficulties and barriers when it comes to the establishment of their business in host communities. A large number of European countries have adopted migration policy measures to be applied for migrant entrepreneurs willing to establish or operate their own business. These policies are designed to select immigrant entrepreneurs and investors as contributors for the growth of national economy. Apart from creating special policies directed to migrant entrepreneurs, it would be more effective to ensure that all immigrants in every national context have basic language and financial literacy in order to become entrepreneurs. Additionally, support measures should be designed and implemented, targeting both start-uppers and experienced entrepreneurs in order to increase their impact.

Financial accessibility is a cornerstone for migrant entrepreneurship. On one hand, the establishment of a company depends more than anything else on capital requirements; on the other hand, credit restrictions are one of the main causes of failure of migrant enterprises. Consequently, enhancing migrants’ access to credit would be a key tool for the development of migrant enterprises.

This project has been funded with support from the European Commission. This publication reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

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