Guide to Financial Issues relating to FP7 Indirect Actions - KoWi

Example of calculation of EU funding in a project
Cooperative project with 6 partners:
1 ICPC university participant (from a low-income country) reimbursed on the basis of lump-sums with 20
researcher-years: EU funding= (8,000 x 20 = EUR 160,000 x 75%) = EUR 120,000 of EU funding
1 ICPC university participant reimbursed on the basis of EUR 200,000 total eligible costs x 75%= EUR
150,000 of EC funding
4 European participants reimbursed also on the basis of EUR 600,000 of total eligible costs and EU
funding of EUR 270,000
Total EU/Euratom funding: 120,000 + 150,000 + 270,000=EUR 540,000
The List of ICPC economies is included in Annex 1 of the annual Work Programmes published
on Cordis at the following address: http://cordis.europa.eu/fp7/find-doc_fr.html.
3. EU/Euratom financial contribution in the form of lump sums (other than for ICPC).
The case of the Networks of Excellence (NoE)
In FP7 the forms of grants (funding) are provided by the work programme and the call where the
NoE is published. The form of funding can be:
• either on the basis of eligible costs , like other funding schemes
• or, where the work programme and the individual call indicates this, the EU/Euratom
contribution will take the form of a lump sum of EUR 23,500 per researcher/year (as
defined by the Rules for Participation). This lump sum modality has not been retained for
the first calls for proposals. Details on the implementation modalities will be given at a
later stage.
In their proposal form NoE, proposers must forecast their costs in the same way as for other
funding schemes. They will therefore use the three categories R&D, Management and Other
Activities explained under Article II.16 of ECGA.
Article II.19 of ECGA –Pre-financing provided by the Commission
Point 2 of this Article in the GA was modified by Commission Decision of 14 December 2012 in
order to be in line with the new Article 8.4 of the Financial Regulation.
Thus, beneficiaries of EU funds are no longer obliged to deposit the pre-financing on interestbearing
bank accounts, and to declare the interest yielded by the pre-financing on these
accounts. This modification applies, as from 01 January 2013, as follows:
Grant
agreements
signed as
from
1/1/2013
Situation before 31/12/2012 Situation as from 1/1/2013
Not Applicable
No obligation to open an interest yielding
bank account or to declare the interest
generated by the pre-financing.
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