All project reports in
07 Sep 2015

All projects of the Baltic Sea Region Programme 2007-2013 have submitted their final reports by the end of summer 2015: and that is a good time to look at some financial aspects of the phasing-out Programme.

A person taking notes.

Some EUR 195 million were available for projects investing in the macro-region’s future during the period 2007-2013. Figures from all reports now suggest that the Programme will spend 93.2 % of the budget once the last projects will have been paid out.

The main task of the Programme is to make sure that all EU funds available for cooperation across the Baltic Sea Region will actually be invested into meaningful projects. At the end, not all projects will spend the complete budget they had planned, e.g. because partners changed certain activities or because activities turned out to be cheaper than planned. On average, projects did not use 10 % of the planned budget.

In order to maximise the benefits of Programme funding  to the macro-region, some of these unused resources were “recycled” at an early stage of the Programme: Money not spent by projects in the 1st and 2nd calls was made available for extension stage projects. Technically, the funds were over-committed. Practically, eight projects were able to continue their activities in an extension stage by re-committing unused funds. The extension stage tool was used for the first time in the Baltic Sea Region Programme during the period 2007-2013 and proved to be successful. It helped to increase the spending rate by 3.2 %.

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