Turkey hosts more refugees than any other country in the world. Large migration flows from Syria fleeing from the civil war in their home country has affected the country. After the initial stage of humanitarian aid that provided the necessary livelihoods to 3.64 million Syrian refugees, consensus among stakeholders indicated Syrian refugees should enter into the formal labour market with better skill competences in a balanced way – Syrian refugees and the Turkish host communities.
The main objective of the Project is to conduct a feasibility study outlining the options available to Turkish partner institutions to financially support Small and Medium-sized Enterprises (SMEs) in selected regions and sectors to create employment for Syrian Refugees under Temporary Protection (SuTP). A guarantee mechanism is foreseen that would lead to lower interest rates and collateral requirements for SME loans as well as investments in target provinces (mainly in southern Turkey).
Frankfurt School experts have started to work on the two-part feasibility study that includes a market assessment and an institutional assessment:
2. Institutional Assessment: setting up a guarantee scheme for SMEs that incentivises the employment of SuTP and Turkish citizens:
Director, Turkey Regional Office