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 specific criteria. When submitting the application form private lead applicants have therefore to provide additional documents as listed in the application manual.
In case a project with a private lead partner is selected for funding, the lead partner will have to provide proof that a valid financial guarantee is in force (issued by a primary financial institution, e.g. bank or insurance), before the signature of the subsidy contract.