How can the co-financing of 20% be provided by the beneficiary?
Answer:The co-financing can either be provided through own resources or through other schemes that might be set up at the national, regional or local level. This means that the 20% financing can be covered by funding received from the national, regional or local level if there is such possibility.
However, it is important to note that the programme only reimburses costs incurred and paid by the beneficiaries. This means that each beneficiary must fully pre-finance its project expenditure. Then, once verified by the controller and included in a joint finance report, the MA reimburses 80% (ERDF) to the lead partner who in turn has to transfer the respective amount to the beneficiary.
The sum of the ERDF and co-financing received by a beneficiary can never exceed 100% of the costs occurred for the concerned item(s).
