What is the national public co-financing?
The Programme follows the “public costs” principle which means that any expenses co-financed by the Programme Contribution can be funded by public funds only. To this end private project participants have to prove that the national funding of their expenses will be provided by public bodies. For public project participants the national co-funding is automatically considered as public. Granted that, up to 85% of the total Programme Contribution of a project can be covered by the Community contribution. Given the complementary nature of Community grants, the remaining 15% of the total Programme Contribution must be funded from national public sources from participating States or/and from the public partners’ sources. Each participating State chose a different Country’s co-financing system into IPA Adriatic CBC Programme, thus potential Beneficiaries must verify how their national public co-financing will be covered, this means with financial resources of third public parties (State, Regi
