Supply Chains in Turkey: Addressing Sustainability through Deeper Integration with European Value Chains

About this project

Contract related to: Supply Chains in Turkey: Addressing Sustainability through Deeper Integration with European Value Chains - The Action will comprise a programme divided into five related and mutually reinforcing components. The EUR 17 million in grant funding from the EU will leverage up to EUR 170 million from the EBRD and partner financial institutions (¿Partners¿), thereby offering a leverage effect of 11x.Given that supply chain finance is not yet common in Türkiye, EU funding will be critical in ensuring that adequate technical assistance is available during project structuring and implementation. Above all, EU support will enable the Action to deliver ambitious sustainability objectives. This will be facilitated by offering financial incentives and non-financial assistance to Turkish SMEs and midcaps willing to take on a commitment to introduce ESG standards in their operations, to become more environmentally friendly, socially responsible and better governed businesses. While the Action targets predominantly the SME sector, it will also provide support to Turkish midcaps. The share of the latter group in the total population of beneficiary companies will not exceed 1/3. The support to midcaps is deemed important as they can serve as a valuable facilitator for the EBRD to extend its reach and volume in the supply chain finance space. Participation of midcaps, being slightly larger but also more visible companies, can help create a stronger demonstration effect and…

Goals

Sustainable Development Goals this project works towards

• 5Gender Equality
• 9Industry, Innovation and Infrastructure

Published by

European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations · Other public sector

Countries

Türkiye

Sectors

Small and medium-sized enterprises (SME) development

Focus

Gender equality · Also contributesEnvironment · Also contributesGood governance · Also contributesClimate mitigation · Also contributesClimate adaptation · Also contributes

Places

TR - Ankara

Funded by

European Commission

Implemented by

EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT*BANQUE EUROPEENNE POUR LA RECONSTRUCTION ET LE DEVELOPPEMENT

Accountable

European Bank for Reconstruction and Development

Passes funds through

Directorate-General for Neighbourhood and Enlargement Negotiations

Published by European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations to the International Aid Transparency Initiative (IATI), last updated 30 Jan 2025 and imported automatically. IATI identifier: XI-IATI-EC_NEAR-2023-PC-26870.

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