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Cultural Exchange Fund

Co-financing




CO-FINANCING OF THE PROJECTS



 

Individual projects submitted to the Fund Operator must meet the following requirements:

  • the minimum amount of grant assistance for which the Applicant may apply is 10,000 euros;
  • the maximum amount of grant assistance for which the Applicant may apply is 250,000 euros.

Within the Fund, the grant rate for any Applicant must not exceed 90% of project costs. It means that the Applicant is required to pay at least 10% of project eligible costs, as well as any non-eligible costs related to the project and any additional unexpected expenditure. Beneficiary’s contribution may come from its own resources or those of his Partner(s).

The operator may reduce the grant rate where required by valid provisions on State aid.