Call for changes to matched funding requirement

EU urged to consider more flexible co-financing schemes

The European Commission should drop the requirement that all its grants must have matched funding, according to the Euclid network.

Responding to the commission's consultation on its financial regulations, the network of European voluntary sector leaders says the co-financing requirement for EU grants and contracts to civil society organisations should be dropped or the percentage required reduced. The percentage varies from case to case.

There should also be the option of 100 per cent funding where a project can demonstrate its value, it says.

Sandra Turner, executive director of the Third Sector European Network, said: "Finding co-financing is often difficult, especially when the requirement is 25 per cent rather than 10 per cent. This makes it especially hard to run advocacy projects, which struggle to find co-funders. Many do not go ahead, even though the EC does commit to funding them, because the co-funding cannot be found."

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