Integration SIB

Objective                                        

• Permanent employment of immigrants

Commissioner                                          

• Ministry of Economic Affairs and Employment

Target group

• 2,500 – 3,000 unemployed immigrants

Performance indicators

• Labour market subsidy (decrease in the need for the subsidy) and income tax (increase in tax revenue)

Project administrator

• FIM Vaikuttavuussijoitukset Oy (formerly Epiqus Oy)

Service providers

• Several different companies from the training and recruitment sector

Dates of implementation

• 1 January 2017 – 31 December 2019 + a monitoring period of three years

Investors

• European Investment Fund, Sitra, SOK Corporation, City of Espoo, Tradeka, Orthodox Church of Finland, Epiqus Oy, Sewatek Oy, Tom Tukiainen, Erkki Turanlahti, Arowana Advisors Oy

Size of the fund                         

• €14,2 million

Other information

• The largest SIB project in Europe measured by the size of the fund

(updated 7/2019)

Lue lisää!

• Ministry of Economic Affairs and Employment: Integration SIB project
• A brochure about the SIB model (6/2017)