Young Self-Employed Plan
For Whom?
For unemployed jobseekers under the age of 30, who become self-employed for the first time.
Zich Preparing With The Support Of A Professional
The candidate whose project has been approved by the Participation Fund is supported free of charge in what he or she does by a mentoring structure, for a period of 3 to 6 months..
This support is adapted to the starter’s needs: the chosen mentoring structure advises him or her on the activity that he or she wishes to start, informs him or her on the administrative formalities to be accomplished, proposes suitable training courses, and so on..
A young person without income will benefit from monthly expenses of €375 for the preparation of his or her project, as well as an establishment allowance paid by ONEM.
If he/she receives a waiting allowance, he/she will also be able to accumulate it with the monthly expenses of €375 from the Participation Fund.
Financing The Project
At the end of the support phase, a Starter Loan application is made to the Participation Fund, which examines the project’s economic and financial feasibility. If the loan application is justified, the starter can count on a fast decision from the Fund.
For a more consequential project, the Starter Loan can be combined with a Starteo.
Subsistence Tranche
A young starter also has the possibility of obtaining a loan (maximum €4,500) to provide for his/her needs during the first months of his/her activity. This special tranche of the Starter Loan, interest free, is repayable in the sixth and seventh years..
Support After The Creation Of The Activity
After the granting of the loan and the start-up of the company, the mentoring structure continues to guide and advise the starter during the first 24 months of activity
The entrepreneur who finances his or her company by a Starteo can also have recourse to a 24-month period of support after the start of the activity, provided he or she meets the conditions of the Young Self-Employed Plan.
Sectoral Restrictions
According to the legislation in force for the Participation Fund, all sectors are allowed.
The European Commission’s regulation 1998/2006 of 15.12.06, on the application of Articles 87 and 88 of the EC treaty on de minimis aid does however apply to the Participation Fund. It imposes restrictions on the agriculture, transport and export sectors. We would invite you to get in touch with our Starters counter for any further information on this subject (starters@fonds.org)..