100% EU grants
May 31, 2009
EU regional and training grants may become a lot more financially attractive this week.
In response to the economic crisis, the European Commission is expected this week to change the rules on EU regional and training grants. At present, project promoters have to finance between 15-50% of project costs when they obtain a grant from the European Regional Development Fund or the European Social Fund. This is often an important stumbling block.
The Commission is expected to propose 100% financing from ERDF and ESF for 2009 and 2010 projects.
No new money is proposed to be added to the EU budget to finance this rule change.