Community Financial Contribution Financial Glossary

What is it? For indirect actions in FP6, in general the European Union contributes only a certain percentage of the total costs of a project. Participants have to mobilise their own resources accordingly. The percentage of the financial contribution depends on the type of activities to be carried out in the instruments and can be in the form ofa grant to the budget, as a contribution to the cost incurred, with specified maximum rates of support for the different types of activity within the project;

Finance Term Definition Added By: Erin

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