The programme provides financial support to projects as co-financing. This means that every partner has to contribute to the actual project costs with a share from own resources. The project activities have to be pre-financed by the project partners. After the costs have been reported and approved, the Programme reimburses part of the costs, according to the respective partners’ co-financing rates. Thus, the Programme follows the principle of reimbursement of costs common in Interreg Programmes.
The Programme co-financing provided to partners varies between the countries:
- up to 85 per cent for partners from Estonia, Latvia, Lithuania and Poland
- up to 75 per cent for partners from Denmark, Finland, Germany and Sweden
- up to 50 per cent for partners from Norway
- funding details for partners from Belarus and Russia will be defined later.
Please note: These co-financing rates apply to the implementation phase of projects within the priorities Innovation, Natural Resources and Transport. Co-financing rates differ for project preparation costs, Seed money projects and EU Strategy support. Details on the specific co-financing will be published in the Programme Manual. Publication of the manual is planned for early December 2014.