The activities of IVOC are largely financed with resources from the Belgian clothing companies. IVOC holds 0.3% of the wage bill in the industry. With this, IVOC finances training and education support for employees.
On the basis of cooperation agreements, the authorities also contribute to the resources of the IVOC. The Flemish and European governments have been financing specific IVOC actions for some time, for example educational campaigns, projects on workability or research.
Given the precarious situation of many young people on the labour market, the Belgian federal government also makes extra resources available to IVOC for actions aimed at young people. These are projects aimed at the employment of young people under 26.
In the period 2020-2021, there will be projects in many sectors and one of them is the clothing industry.
The federal government provides an additional € 194,500 of the project costs in our industry.