What requirements apply to private lead applicants?Answer:
Private lead applicants, in order to be eligible, have to demonstrate that they have stable and sufficient sources of funding to maintain their activity throughout the project implementation period and to participate in its funding. The programme will check the financial capacity of private lead applicants by applying the criteria explained in part D, chapter V.2 of the application manual. To this purpose, when submitting the application form private lead applicants have to provide additional documents listed in the application manual.
In case a project with a private lead partner is selected for funding, the lead partner will additionally be asked to provide, before the signature of the subsidy contract, proof that a valid financial guarantee is in force, issued by a primary financial institution (bank, insurance).