What is national co-financing and how does it have to be proven?Answer:
The share of project expenditure that is not covered by ERDF budget, has to be guaranteed through national co-financing. This 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.