Own contribution is a co-financing from the Lead partner and Partners of the project. It can be any eligible cost of the project.
Own contribution has to be at least 10% of the total Net eligible costs on the project level. It does not matter from what source the Partners receive the money. Usually, this financing provided by the Lead partners’ and Partners’ host organization. But it can also come from other public or private sources. In practice each partner of the project covers 10% of own costs.
The amount and share of the own contribution per each partner is stated in the Annex E: Partnership Statement. Final amount of the own contribution is calculated from the total approved costs of the project using the mentioned in the statement percentage.
Reporting own contributions
You don’t need to specify what particular costs in the Project budget will be covered by own contribution. The own contribution should be specified only in the Financing plan and Annex E: Partnership Statement.
The project costs financed from Own contribution will be reported together with other project costs. They will not be separated from other costs in the reports. Auditor verifies the costs paid from Own contribution together with other project costs.
In practice, Managing Authority will calculate the share of own contribution from total approved eligible costs of the project. And this amount will be deducted from the payments.