EU FUNDING OPPORTUNITIES AND PROJECT MANAGEMENT TIPS

This guidance is based on and is replacing the COCOF note 09/0025/04-EN applicable to the period 2007-2013. It includes the new possibilities offered by the 2014-2020 regulations.

Where simplified costs are used, the eligible costs are calculated according to a predefined method based on outputs, results or some other costs. The tracing of every euro of co-financed expenditure to individual supporting documents is no longer required: this is the key point of simplified costs as it significantly alleviates the administrative burden. Using simplified costs means also that the human resources and administrative effort involved in management of the ESI Funds can be focused more on the achievement of policy objectives instead of being concentrated on collecting and verifying financial documents.