No grant may exceed 90% of the total eligible costs of the Action.
The rate of co-financing is minimum 10% of the total eligible costs of the Action and it is requested for each approved proposal. It is not compulsory for all partners to contribute each with minimum 10% to the total eligible costs of the project: some partners may contribute with more than 10%, some may contribute with less than 10%; however, the co-financing should be minimum 10% at the project level.
Each participating country decides on its own co-financing system (from national/regional/local level or directly from the Beneficiary, or both from the national/regional/local level and from the Beneficiary itself). For further details, you may contact the National Authorities /National Info Points (contact details here: http://www.blacksea-cbc.net/index.php?page=MANAGEMENT_NIP). No resources, which have been assisted by other EU contribution, may be taken into account as co-financing.
Even if there might be cases when the national co-financing comes from the state budget, the applicants should take into consideration at least covering de 10% co-financing at cash flow level during the implementation of the Action. In any case, any (partial) co-financing that may come from a state budget should not be reflected in the Budget of the project at the application moment.
The Facility for Blue Growth is pleased to announce the first workshop towards the implementation of the Common Maritime Agenda that will take place on July 4th, 2019, in Varna, Bulgaria.