Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there financial differences between participants acting as “beneficiaries” and “members”?

April 26, 2017acting beneficiaries differences financial members participants

0

10 Posted

Are there financial differences between participants acting as “beneficiaries” and “members”?

1 Answer

0

10 Posted

Beneficiaries sign the grant agreement with the Commission. Members do not sign this agreement, but sign a membership agreement with one of the beneficiaries. They will not directly interact with the Commission, but the respective beneficiary will be intermediary for all communications and transactions. Only beneficiaries count towards meeting the minimum requirement for the consortium composition, e.g. a consortium consisting of a coordinator from a EU members state and only members (even if they are from different EU member states) is not eligible. The terms of reimbursement are similar for beneficiaries and members.