ERASMUS Mundus Program Guide - EACEA - Europa

include the CVs of the persons responsible for the implementation and management of the project within
each of the partner institutions 20 .
If applicable, the technical capacity of an applicant will be assessed taking into account the different
applications submitted by the same organisation/department in the context of the same call for proposals.
FINANCIAL CAPACITY
Applicants and (co-)beneficiaries must have stable and sufficient sources of funding necessary to maintain
their activity throughout the period during which the action is being carried out. In order to permit an
assessment of their financial capacity, applicants must submit, either with their application or prior to the
contractualisation stage (the procedure applicable will be specified in the application form attached to the
relevant call for proposals):
– a declaration on their honour, completed and duly signed, attesting to their status as a legal person and
that they have the operational and financial capacity to complete the proposed project and/or
– the Financial Identification Form 21 completed by the applicant organisation and certified by the bank
(original signatures required).
The verification of financial capacity does not apply to natural persons in receipt of scholarships nor to
public bodies, or to international organisations.
3.4 FINANCIAL CONDITIONS
General Conditions Applicable to EU Grants
Applicants and future beneficiaries should be reminded that
EU grants are incentives to carry out projects that would not be feasible without EU's financial
support and are based on the principle of co-financing. They complement the applicant‟s own
financial contribution and/or national, regional or private assistance that has been obtained elsewhere;
Each project may give rise to the award of only one EU grant to any one beneficiary. The award of
grants shall be subject to the principle of transparency and equal treatment;
Grants may not be cumulative or awarded retrospectively; however, a grant may be awarded for a
project that has already begun only where the applicant can demonstrate the need to start the project
before the agreement is signed. In such cases, expenditure eligible for financing may not have been
incurred prior to the date of submission of the grant application;
Acceptance of a grant application does not constitute an undertaking to award a financial contribution
equal to the amount requested by the beneficiary. Although the allocated amount may not exceed the
amount requested, a grant of less than the amount requested by the applicant may be awarded;
The awarding of a grant does not establish an entitlement for subsequent years;
The EU grant may not have the purpose or effect of producing a profit for the beneficiary. Profit is
defined as a surplus of receipts over costs. Except when the grant proposed is based exclusively on
lump-sums, flat rates or unit-costs - in which case the non-profit rule has already been taken into
20 The number and nature of the CVs to be provided will be specified in the application form attached to the relevant call for
proposals.
21 http://ec.europa.eu/budget/info_contract/ftiers_en.htm
20