Seed Money is funding provided by Interreg Baltic Sea Region to support the preparation of projects in line with the Action Plan of the EU Strategy for the Baltic Sea Region (EUSBSR). The Action Plan is structured around three objectives: saving the sea, connecting the region and increasing prosperity. Furthermore, 13 policy areas and four horizontal actions define the main areas where the EUSBSR contributes to the development of the Baltic Sea region:
Interreg Baltic Sea Region Programme takes an active part in the implementation of the EU Strategy for the Baltic Sea Region (EUSBSR, the Strategy) and its Action Plan. It supports the Strategy implementation by, for example, co-financing flagship projects and providing Seed Money support for the preparation of future projects in line with the Action Plan of the Strategy.
Past experience in implementing the EUSBSR shows how challenging it is to mobilise funding sources as well as prepare and govern complex projects in an international environment. Those with project ideas often lack the time and financial resources needed to initiate projects with strategic impact. Seed Money support from Interreg Baltic Sea Region aims to address these challenges. It is included under the Programme priority 4 ‘Institutional capacity for macro-regional cooperation.’