Get European Funding For Your Business
Every year thousands of companies of all sizes in Malta and abroad benefit from EU grants and funding.
There are multiple opportunities for access to funding across many industries, many of which are untapped.
Ewropa Consultancy Services Limited has been set up to help you get access to the money you need, and navigate the sometimes obscure and difficult procedures to find out what funds are available to you, and speed up the application process on your behalf.
For more details, read on, and if you have any questions about how we can help you, get in touch.
The Five Basic Steps to access EU Funds
- Find a funding opportunity
- Submit an application
- Sign the grant agreement
- Succeed the selection process
- Manage your project
In certain cases you may also need to find a project partner in another country.
Background to EU funding
The EU provides funding for a broad range of projects and programmes covering areas such as:
- regional & urban development
- employment & social inclusion
- agriculture & rural development
- maritime & fisheries policies
- research & innovation
- humanitarian aid.
Most of the funding is managed locally and the responsibility for conducting checks and annual audits lies with national governments like Malta.
Over 76% of the EU budget is managed in partnership with national and regional authorities through a system of “shared management”, largely through 5 big funds making up the Structural and Investments Funds. Collectively, these help to implement the Europe 2020 strategy and include:
- European Regional Development (ERDF) – regional and urban development
- European Social Fund (ESF) – social inclusion and good governance
- Cohesian Fund (CF) – economic convergence by less-developed regions
- European Agricultural Fund for Rural Development (EAFRD)
- European Maritime and Fisheries Fund (EMFF)
Other funds are managed directly by the EU. These are provided in the form of:
- Grants for specific projects in relation to EU policies, usually following a public announcement known as a ‘call for proposals’. Part of the funding comes from the EU, part from other sources.
- Contracts issued by EU institutions to buy in services, goods or works they need for their operations – like studies, training, conference organisation, IT equipment. Contracts are awarded through calls for tender.
All you need to know in a Nutshell
- Are you eligible? – Specific criteria for eligibility are set out in each funding programme and individual call but if you are an SME, for example, then EU Funding is available for different all types of companies of any size and sector including entrepreneurs, start-ups, micro companies, small and medium-sized enterprises, and larger businesses. In addition to direct grants, a wide range of financing is available: business loans, microfinance, guarantees and venture capital. Every year the EU supports more than 200 000 businesses.
- Identify a call – Once you have established eligibility you will need to identify a relevant call for proposals/projects and carefully follow the specific guidelines on how to apply – each call is unique.
- Apply – Depending on the technical nature of the field, the budget available and the expected number of proposals, the application procedure can involve one stage or two. Under the 1-stage procedure, you will submit a full application at the outset of the process. Under the 2-stage procedure, you must first submit an initial summary proposal. If your proposal is shortlisted, you will be invited to submit a full application in the second phase.
- Selection process – Proposals are evaluated against the criteria listed in the call.
- Sign Grant Agreement – If your proposal is accepted, you will be invited to sign a detailed contract called a ‘grant agreement’. As an applicant you may have to follow a number of steps at this stage:
- provide further legal and administrative details not included in the proposal
- be ready to amend your proposal as indicated in the evaluation report, if applicable.
- Payment – Grants are usually paid out in several installments over the duration of the project. Once you have signed the grant agreement, you will receive a pre-financing payment which may be followed by one or more interim payments. You will receive final payment on completion of the project. Interim and final payments are made subject to project deliverables. It is important to report on the progress of your project in accordance with the reporting calendar set out in the grant agreement.
- Post grant management – Once the grant agreement is signed, your project must be carefully managed until completion. Guidance is available at each step of the way, in the form of reporting templates and deadlines to keep to throughout the project. You will need to submit reports and possibly deliverables identified in the grant agreement. The European Commission will monitor the implementation of project (during or afterwards) to ensure its compliance with the grant agreement for e.g. financial audits on your accounts to verify the eligible costs incurred. It is therefore crucial to keep records and other supporting documentation to prove that your project has been properly implemented. This includes keeping records on eligible costs and corresponding accounts.
How can Ewropa Consultancy help you?
EU funding programmes cover numerous fields. As a result, the criteria and conditions for the grants vary immensely depending on the field in question as each call for proposals is unique. Applicants would need to be very well informed about the criteria they must fulfill in order to be eligible for EU funding for their projects or activities.
Ewropa carries out all necessary research, liaises with external bodies and implements the application process from A-Z.
Ewropa offers a one-stop-shop service which includes grant identification, application submission and when requested, post-grant project compliance services. We provide a complete solution package from the identification of the relevant grant to the coordination of the project so that you can remain focused on your main areas of activities
What we do
Ewropa will carry out all groundwork research for your project. We will:
- Familiarise ourselves with your project
- Identify the relevant call for proposal
- Outline the requirements of the awarding body: Commission or Maltese authority
- Make all necessary contacts
- Assist you throughout the application process until submission
- Act as intermediary during the selection process
- Assist with the Grant agreement
- Assist with post grant management of your project
If you want to find funding opportunities for your specific project, email us on email@example.com