Local organizations can even win support corresponding to their annual income in Tesco’s 15th tender

By: Trademagazin Date: 2024. 04. 08. 12:10

According to the latest data, the proportion of non-profit organizations with an annual income of less than HUF 500,000 is 32 percent, and there are more than 4,000 domestic organizations in the non-profit sector that operate without money or only have expenses. Tesco’s “You choose, we help” tender program, which the department store chain has put out for the 15th time, can be of great help to them. So far, the initiative has contributed to the implementation of more than 2,000 projects supporting local communities with financial funding exceeding half a billion forints. In the anniversary round, which started on April 8, Tesco will provide another total of HUF 42 million for the realization of matters important to local residents. The most successful applicants will receive HUF 400,000 in support in 60 districts across the country.

Based on the latest data from the KSH, in 2022 there were 60,878 foundations and social non-profit organizations in Hungary, and only a quarter of them won income through tenders, while 6.8 percent of them operated without money or income. Among other things, Tesco’s “You choose, we help” community tender program provides them with financing support opportunities. Since 2016, the department store chain has usually announced the initiative twice a year, and in its 15th round, it once again provides HUF 42 million in financial support to 150-200 organizations across the country.

Between April 8 and May 3, 2024, Tesco is looking for applications from local organizations, friendly communities, non-foundation nurseries, kindergartens and schools, as well as non-profit small and medium-sized enterprises, even condominiums and housing cooperatives or informal groups, whose initiative the local community they want to contribute to the development of his life. The special feature of the program lies in the fact that Tesco entrusts the distribution of the financial framework available in the current round to local customers, as they are the ones best able to judge which of the pre-juried initiatives they consider the most deserving of support. Based on their votes, the first place winner in each of the 60 districts will receive HUF 400,000, the second with the most votes will receive HUF 200,000, and the third will receive HUF 100,000. In addition, the independent experts recommend one or more applicants for an additional special award based on professional aspects (elaboration, innovativeness, creativity and sustainability).