EU Invests US$20 Million on Sustainable Production and Consumption

Some 50 business intermediaries and partners of small and medium-sized enterprises have gathered recently here in Phnom Penh to learn about openings for funding support by the European Union (EU) to implement the so-called SWITCH-Asia II project.

The regional project, as explained in EU online site, aims "to promote sustainable growth, to contribute to the economic prosperity and poverty reduction in Asia, and to mitigate climate change."

The total amount of the EU grants was set at around US$20 million opening governmental institutions, not-for-profit organisations and corporate sector both at regional and national levels.

The grants focused on supporting the switch to sustainable consumption patterns and behavior amongst consumer groups, civil society stakeholders and the public sector.

They also intended to promote small and medium-sized enterprises as well as micro, small and medium enterprises for sustainable consumption and production uptake and access to financial support.

After the workshop, interested participating entities and others with desired qualifications can apply for the grant projects.

Source: Agency Kampuchea Press