The Grant Agreement Model Life 2021-2027: What You Need to Know
The Grant Agreement Model Life 2021-2027 is a funding mechanism set up by the European Commission to provide financial support to eligible organizations across Europe. The model is designed to help recipients meet their social, economic, and environmental objectives while contributing to the overall goals of the European Union. In this article, we will provide an overview of the Grant Agreement Model Life 2021-2027 and outline the key features of the grant agreement.
Overview
The Grant Agreement Model Life 2021-2027 is part of the wider LIFE program, which is the EU`s funding instrument for the environment and climate action. The program aims to support innovative projects that contribute to the implementation of the EU`s environmental and climate policy. The Grant Agreement Model Life 2021-2027 has an overall budget of €3.5 billion and will provide funding for projects in the following areas:
1. Environment and resource efficiency
2. Nature and biodiversity
3. Circular economy and quality of life
4. Climate change mitigation and adaptation
Key Features of the Grant Agreement
1. Eligibility: The grant agreement is open to public and private organizations, NGOs, and universities across the European Union and associated countries.
2. Funding: Projects funded under the Grant Agreement Model Life 2021-2027 can receive up to 60% of eligible costs. The maximum amount of funding available per project is €15 million.
3. Duration: Projects funded under the grant agreement can last for a maximum of five years.
4. Activities: The grant agreement funds a wide range of activities, including research, pilot projects, and demonstration projects. The focus of the activities should be on innovating new solutions to environmental and climate challenges.
5. Reporting: Recipients of the grant agreement are required to submit regular progress reports and financial statements to the European Commission. The reports must demonstrate the impact of the project on the environment, climate, and society.
6. Evaluation: Projects funded under the grant agreement are subject to regular evaluations to ensure they are meeting their objectives. The evaluation process includes an assessment of the environmental, economic, and social impact of the project.
Conclusion
The Grant Agreement Model Life 2021-2027 is a vital funding mechanism for organizations across Europe looking to make a positive impact on the environment and climate. The grant agreement provides funding for a wide range of activities and is open to public and private organizations, NGOs, and universities. The maximum amount of funding available per project is €15 million, and projects can last for a maximum of five years. Recipients of the grant agreement are required to submit regular progress reports and financial statements to the European Commission and are subject to regular evaluations.