What is national co-financing and how does it have to be proven?Answer:
The share of expenditure not covered by ERDF shall be guaranteed by means of national co-financing, which can be provided as follows:
- Public national co-financing is public funding at national, regional or local level, obtained via specific co-financing schemes set up by the Member States or provided directly with own funds by the partners having a public status. Co-financing of international organisations falls under this category.
- Private national co-financing refers to the amount of own funds provided as match funding by private institutions.