Boosting EU economy through training of Foreign Direct Investment advisors Erasmus Project

General information for the Boosting EU economy through training of Foreign Direct Investment advisors Erasmus Project

Boosting EU economy through training of Foreign Direct Investment advisors  Erasmus Project
July 7, 2020 12:00 am
102

Project Title

Boosting EU economy through training of Foreign Direct Investment advisors

Project Key Action

This project related with these key action: Cooperation for innovation and the exchange of good practices

Project Action Type

This project related with this action type : Strategic Partnerships for vocational education and training

Project Call Year

This project’s Call Year is 2017

Project Topics

This project is related with these Project Topics: New innovative curricula/educational methods/development of training courses; Recognition, transparency, certification; Overcoming skills mismatches (basic/transversal)

Project Summary

Background of the project:
– In the last years there has been a significant increase in global foreign direct investment (FDI) inflows.The largest recipients of FDI today are developed countries, which in 2015 received 54% of the global FDI. Most attractive region is Europe with 28,6% of global inward FDI.
– Economic sector of business consulting continues to grow steadily, both in terms of number of companies as in terms of revenue generated by the industry. In Slovenia in 2015 more than 9.500 companies were active in the sector, in Croatia 3.300 and in Cyprus over 1.400 companies.
– In many years of work with foreigners, we noticed that they are struggling a lot through administrative and legislative procedures in our countries. Due to these obstacles in many cases they decide to invest elsewhere.
– There is no training programme that would include all the relevant knowledge, skills and competences that FDI advisor needs to ensure complete support to investors.

General objectives of the project:
• To improve quality and access to vocational education and training
• To improve knowledge and skills of employees in relevant consulting companies
• To improve employability of other adult learners

With the project we wanted to eliminate the gap between the labour market demand and educational system supply. We achieved that by reaching the following Specific objects:
• Development of training programme for “FDI advisor”
• Development of training programme for trainers
• Development of relevant learning materials
• Development of initiatives for National Vocational Qualifications in Slovenia and nationally recognized training programme in Cyprus

Project’s target groups were:
• Project partners’ staff
• Mentors/educators in companies, dealing with foreign investors (accountancy, tax consulting firms, financial consulting firms, banks, real estate agencies, lawyers and other relevant companies…) and also public organizations.
• Teachers in adult education

Final beneficiaries of the project:
• Employees in companies, dealing with foreign investors
• Adult learners

In total over 1200 local, regional, national and international stakeholders and individuals were included in the project implementation by participating in:
– detailed training needs analysis
– mutual learning
– test implementation of the training programmes
– multiplier events and press conferences
– Individual presentations of project results and their benefits
– networking.
The participants came from various target audiences: experts in FDI advising, accounting and finance, real estate and other relevant sectors, trainers, people interested in FDI advising, organisations active in the field of investments, chambers, and educational institutions.

Main project activities:
– Intellectual outputs development
– Dissemination of project results
– Evaluation of project results and impacts
– Project management

Developed intellectual outputs:
1. In-depth analysis of educational needs
2. Training programme “FDI advisor”
3. Learning materials for learners (hard, e-form, audio book, video animations)
4. Training programme for trainers
5. Manual for trainers (hard and e-form)
6. Initiative for National Vocational Qualification and nationally recognized training programme

Achieved impact:
– Improved knowledge, skills and competences of pilot implementation for mentors
– Improved employability potential of pilot implementation for learners
Expected impact after the project conclusion:
– Improved knowledge, skills and competences of employees in relevant companies; and other adult learners.
– Improved employability of adult learners.
– More foreign direct investments.
– More jobs in consulting sector.
– More jobs in business, opened by foreign investors.

EU Grant (Eur)

Funding of the project from EU: 256237 Eur

Project Coordinator

REPLIKA, NAPREDNE RESITVE, D.O.O. & Country: SI

Project Partners

  • VISOKA POSLOVNA SKOLA PAR
  • G.G. EUROSUCCESS CONSULTING LIMITED
  • B2 Visoka sola za poslovne vede, zavod
  • Magnet drustvo s ogranicenom odgovornoscu za usluge, trgovinu, zastupanje i turisticku agenciju