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Programme Info
Funding

Programme Budget
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.

Funding sources
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.

Grant rates
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...



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