Skip to main content

Article Category

News

Article available in the folowing languages:

Commission adopts simpler payment scheme for International Cooperation Partner Countries for FP7 financing: lump sums

On 4 June 2007 the Commission adopted a decision on the use of lump sum payments for International Cooperation Partner Countries (ICPC).

On 4 June 2007 the Commission adopted a decision on the use of lump sum payments for International Cooperation Partner Countries (ICPC). This is one way in which the Commission has made the grant agreement process simpler for participants from these countries. This decision enables the use of a flat rate lump sum amount to be used within grant agreements for indirect actions concluded under the Seventh Framework programme. The Rules for Participation in FP7 included a provision for ICPC countries to opt for the Community financial contribution to take the form of a single lump sum payment. The lump sum covers all the costs of an ICPC participant including not only the costs for personnel and travel, but also those of equipment, consumables and indirect costs If the participant chooses the lump sum option for financing, the maximum EC contribution is calculated on the basis of the economy of the ICPC, the number of persons-years requested for the project by the legal entity, the type of funding scheme of the project and the legal status and the activity type of the legal entity in the ICPC. It is up to the individual participants to decide whether or not to opt for the lump sum system of payment. Alternatively ICPC participants may request the standard reimbursement of eligible costs. For more information, check out the details in the "Guide to financial issues". (Art. II.18 ECGA of the DRAFT Guide to Financial Issues relating to FP7 Indirect Actions) at ftp://ftp.cordis.europa.eu/pub/fp7/docs/financialguide_en.pdf

Keywords

International Cooperation

Countries

Austria, Belgium, Czechia, Germany, Denmark, Estonia, Greece, Spain, Finland, France, Hungary, Ireland, Italy, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Poland, Portugal, Sweden, Slovenia, Slovakia, United Kingdom