The Regional Challenge Fund (RCF) is a financing facility designed to increase youth employability. It boosts the competitiveness of enterprises in Western Balkan economies by funding investments in equipment and infrastructure for selected dual or cooperative training projects implemented through partnerships between vocational training institutes and enterprises. The grants are allocated through a competitive regional challenge.
The RCF is an initiative undertaken by German development bank KfW and financed by the German Federal Ministry for Economic Cooperation and Development (BMZ), currently assigning 18,6 mil. EUR. The main implementation partner is the Western Balkans 6 Chamber Investment Forum, whose operations are supported by consultants from the Fund Management Unit.
The first round of applications demonstrated the attractivity of the RCF and significant interest in the WB6 region in the cooperation between the enterprises and educational institutions.