Between 2007 and 2013, the Programme will allocate €45 million to projects, of which €35.115 million in European funding (ERDF) will be available to partners in Member States (Finland, Ireland, Northern Ireland, Scotland, Sweden) and €10.155 for partners in the Non Member States (Faroe Islands, Greenland, Iceland, Norway).
A percentage of 60% of the funding is available for projects applying under Priority 1 and 40% for projects under Priority 2.
Financing for the programme consists of European Regional Development Fund (ERDF) funding for the Member States, ERDF equivalent funding from the Non Member States and match funding. The Euro (€) is used for all transactions in the programme.
In general, partners located in Member States may apply a 60% ERDF grant rate and partners located in Non-Member States may apply a 50% ERDF equivalent grant rate.
In exceptional circumstances the Programme Monitoring Committee (PMC) may approve a grant rate of up to 75%.
Funding Sources in the Northern Periphery Programme 2007-2013
|Source ||Type ||Grant Rate |
|Member State ||ERDF ||60% |
|Member State 20% ||ERDF ||50% |
|Norway ||ERDF equivalent ||50% |
|Norway 20% ||ERDF equivalent ||50% |
|Iceland ||ERDF equivalent ||50% |
|Faroe Islands ||ERDF equivalent ||50% |
|Greenland ||ERDF equivalent ||50% |
|10% source to Non Member State partners ||Mixed; Member States, Norway and Iceland ||50% |
The table above also refers to the geographical flexibility rules (10% and 20%). More...