EEA & Norway Grants
Reducing Social and Economic Disparities and Strengthening Bilateral Relations
The EEA and Norway Grants are funded by Iceland, Liechtenstein and Norway. The Grants have two goals:
- to contribute to a more equal Europe, both socially and economically;
- to strengthen the relations between Iceland, Liechtenstein and Norway, and the fifteen Beneficiary States in Europe.
The objective of the Grants is to reduce social and economic disparities and strengthen bilateral relations. This strengthens the internal market, leading to a more prosperous Europe. The Grants are composed of two funding schemes:
- the EEA Grants;
- the Norway Grants.
The main difference between the two lies in the source of funding and the recipient countries for these funds.
The EEA Grants
The EEA Grants are funded jointly by all three donor countries – Iceland, Liechtenstein and Norway. The donor countries contribute according to their size and GDP – Norway provides approximately 95.8%, Iceland 3% and Liechtenstein 1.2%. The EEA Grants are allocated to fifteen countries in Europe – Bulgaria, Croatia, Czech Republic, Cyprus, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and Slovenia. The decision-making body of the EEA Grants is the Financial Mechanism Committee. The committee is composed of representatives of the Foreign Ministries of Iceland, Liechtenstein and Norway.
The Norway Grants
The Norway Grants are funded by Norway alone and consist of €1.3 billion during the 2014-2021 programming period. The Norway Grants are allocated to the thirteen countries which joined the EEA after 2004. This means that Greece and Portugal do not receive Norway Grants funding. The Norwegian Ministry of Foreign Affairs is the decision-making body of the Norway Grants.
The funding mechanism applied under the EEA and Norway Grants provides grants that cover a percentage of eligible costs. The co-financing rate varies from one funding strand to another.
The EEA and Norway grants are open to legal entities such as companies, schools, research institutes, non-governmental organisations, international organisations and public entities at local, regional and national level.
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