Description of the Scheme
The Beneficiary Light Grant Scheme (BLGS) is an SME development funding scheme specially designed for The Interreg V-A Hungary-Croatia Co-operation Programme 2014-2020.
EU contribution to Light Partners financed from B Light project is non-repayable grant.
A maximum of 75% of the total eligible expenditure can be requested as grant from the PP Light Scheme, the rest shall be covered as own contribution of Light Partners.
Each Light Partner should provide a minimum of 25% of the total eligible expenditure as own contribution for implementation of the Light Project.
Own resources can be composed of any kind of financial resources (e.g. money on bank account, bank loan) with the exception of grants requested from the European Union or from National co-financing resources.
Minimum and maximum size of Light Projects per Light Partner:
|Total eligible costs (100%)||Maximum ERDF co-financing (75%)|
|Minimum per Light Partner||40.000 EUR||30.000 EUR|
|Maximum per Light Partner||180.000 EUR||135.000 EUR|
Total costs of cooperation activities of Light Partners may exceed EUR 180,000, but in this case all costs above this threshold are regarded as costs outside the Light Project’s eligible cost.
As VAT is not eligible, all costs should be budgeted without VAT.