The project aims to formulate a regional approach to identify and support investments and best practices with high local impact, reinforce the capacities of national and local authorities involved in the regulation of investment and support enterprises through enhancing the social and economic impacts of their investment projects. EDILE is implemented in the framework of the ENPI CBC MED programme financed by the European Commission.
Since 2000 and until recent changes, Southern Mediterranean countries benefited from increasing flows of public and private investment projects. However, these investment projects have not always had the expected positive results: the local economic benefits remain limited (such as job creation, subcontracting, etc.) and negative impacts (e.g. on the environment) are sometimes underestimated. In this framework, the EDILE approach aims at improving the quality of investment projects and especially their local impact.
The project EDILE relies on a tool that rates the inclusiveness of investment projects, associated to a label (EDILE label) which will award investors engaged into maximising their local impact, and opens a privileged access to personalised services and incentives. The EDILE label reinforces the capacities of the local authorities, economic bodies and companies themselves in assessing and improving investment projects, via an innovative process mixing the design of a practical tool, the enrolment of pilot investment projects in the labelling process, and dialogue with institutions, business support organisations, enterprises and civil society.
The final objective of the project is to improve governance processes and territorial authorities’ empowerment as well as to support private investors in order to develop better investment projects around the Mediterranean: more inclusive activities, lower impact on the environment, higher local participation.
With a total budget of 2.9 M EUR, the project is implemented in Lebanon, Palestine and Tunisia as a pilot initiative. The EDILE project intends to be duplicated in Algeria, Egypt, Jordan and Morocco by 2017 and could be further replicated in the whole Mediterranean region.
About the promoter and partner institutions
The consortium in charge of implementing the EDILE project is led by ANIMA Investment Network, based in Marseille, France. Initiated in 2002 by European and South-Mediterranean investment promotion agencies, ANIMA Investment Network is a multi-country platform supporting the economic development of the Mediterranean. The ANIMA network gathers 65 national and territorial agencies and international business, innovation and financing networks. The objective of ANIMA is to contribute to a better investment and business climate and to the growth of capital flows into the Mediterranean region.