What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
DISPOSITIF INSTRUMENTS FINANCIERS BOURGOGNE FRANCHE-COMTÉ
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

Hegyvidéki Ízlelő: restaurant with a cause

image

“The thing about us is, well, we don’t give up easily on anyone,” says Noémi Ambrus Kiry, Chief Operating Officer of Hegyvidéki Ízlelő, a restaurant in Budapest’s 12th district. “It can be the 9th knife we buy for someone until they are able to peel potatoes, but we will insist. Something doesn’t work? Ok, so what can we do to help? Like, lowering the workbench for wheelchair users for example. It’s a lot of hard work, perseverance, patience... Even after 8 months, they still might not peel those potatoes perfectly…”

Hegyvidéki Ízlelő is a restaurant with a cause; a social enterprise, employing 23 people, 18 of which have mental or physical disabilities like autism, hearing or mobility issues. Noémi explains that their philosophy is to focus primarily on the restaurant and to treat their staff with respect: “We don’t use our staff as the selling point, but the quality of the food, and that’s reflected in the pricing. We’ve had guests who don’t realise what the restaurant is about – for us, this is a very good sign. Too many people with disabilities work in segregated workplaces, doing assembly line, repetitive work for minimum wage. We want to break with this philosophy and show that disabled people are able and capable. They can serve others rather than always requiring assistance. This boosts their morale, pride, and sense of inclusion in society. They are more visible, and have ownership, and I’m really proud of that. It can be stressful at times of course, but very fulfilling.” Recruiting is obviously challenging, as the company needs people who are not only technically skilled, but also good at coaching. “If you don’t have the patience and the persistence, then this is not for you,” says Noémi.

Hegyvidéki Ízlelő is the second restaurant of the Ízlelő brand, opened in 2019 (12 years after the first one in Szekszárd, in southern Hungary) with the help of an EU-guaranteed loan from Erste Bank, backed by the EIF under the EU’s Investment Plan for Europe. “We opened in the capital, in a fairly wealthy district, so this is quite different from Szekszárd,” explains Noémi, “It’s very much a start-up, even if we have 12 years’ worth of experience. The loan helped us re-do the premises, as it was an office before, and purchase the necessary equipment – set it all up from scratch basically.”

The COVID-19 crisis has hit the business hard and its employees even harder: “The sense of inclusion that comes with their work is very important,” says Noémi, “so being stuck at home is very hard on them. But we’re adapting, like everyone. We set up a website very quickly and we’re offering delivery and pick-up services. It was always part of the plan, but everything got accelerated by the virus.”

Company: Hegyvidéki Ízlelő (Hungary)

Type of business: social enterprise, food & beverage

EIF financing: EaSI Guarantee Financial Instrument

Financial intermediary: Erste Bank

For further information about EIF intermediaries in Hungary, please refer to: https://www.eif.org/what_we_do/where/hu/index.htm

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.