The EU financing, Norwegian Kolarctic financing, Finnish and Russian state co-financing are applied with the same application in the PROMAS system.
The EU financing in the project level may not exceed 50% of the total Net eligible costs of Finland, Sweden and Russia. As well as Norwegian Kolarctic financing may not exceed 50% of the Norwegian Net eligible costs.
Finnish and Russian state co-financing in total may not exceed 40 % of the total Net eligible costs of Finland and Russia.
Co-financing from other sources in Finland, Russia, Sweden and Norway are applied directly from the public or private organizations from the country in question. Financing can come from state/regional/municipal resources, foundations, association, private entities, etc.
The share of co-financing from other sources may vary from one to other 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 covers 10% of own costs.