Investment Co-Financing Facility (ICF)
Incentivizing Investments for Job creation in Palestine
APPLICATION

The Finance for Jobs (F4J) project, a Ministry of Finance Project funded by the World Bank and implemented by DAI, is pleased to announce a new round of accepting applications through its Investment Co-Financing Facility (ICF) grant fund that will provide marginal financing for new business investment projects in Agriculture, Agribusiness, Tourism, Light Manufacturing, and Technology driven businesses. F4J's overarching objective is to mobilize private sector investments and create jobs in the West Bank and Gaza.

ICF targets both existing and newly established enterprises that require investment and are initiated by individuals, investment groups, companies, and cooperatives. Women applicants are strongly encouraged to apply. The ICF considers two different types of grants:

• Grants for Capital Investment will cover a share of the upfront capital cost of an asset such as equipment or machines.
• Grants for Operating Investment will either compensate for operational shortfalls of the project or will ensure the project’s minimum profitability through co-financing activities like purchasing inventory, market access and growth, and product development.

The ICF is intended to be used to complement other financial instruments such as loans and private investors’ equity, to maximize the impact of investments and should not exceed 30% of the total project investment size. The exact amount of the F4J ICF grant support will be discussed based on the project’s requirements of capital expenditures (CAPEX) and operating expenditures (OPEX) and funds availability presented in the investment proposal/business plan.