Last modified: September 24, 2015

What is the level of co-financing?

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.


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