Understanding Financial Conditions
For organisations and individuals preparing an Erasmus+ application, understanding the financial conditions is a critical step before committing to a project. The majority of grants under the programme are financed in the form of lump sums or unit costs, collectively known as simplified forms of grants.[1]
Forms of Grant Available
The Erasmus+ programme offers several distinct grant structures to accommodate different project types and budgets. The use of lump sums and unit costs has been approved by a specific Decision authorising their use under the Erasmus+ Programme 2021-2027.[1]
One key structure is the budget-based mixed actual cost grant, which covers grants broken down by budget categories and beneficiaries.[1] This form is based on actual costs incurred and other simplified forms of funding.[1] It typically includes reimbursement on the basis of unit costs, which cover certain specific categories of eligible costs clearly identified in advance by reference to an amount per unit.[1]
The financing mechanism applied under the Erasmus+ Programme in most cases provides grants based on the reimbursement on the basis of unit costs or lump sums.[9]
Principles Behind the Funding Model
The methodology used to establish the simplified forms of grants and their levels ensures the respect of the principle of sound financial management and reasonable compliance with the principles of co-financing and no double funding.[1]
For those working with cooperation or small-scale partnerships, a dedicated handbook aims to offer methodological guidance on how to interpret and correctly follow the rules of the Cooperation Partnerships and Small-scale Partnerships.[4]
Calculating Your Budget
Calculating Erasmus+ funding requires understanding the specific budget categories, rates, and eligible costs for your project type.[6] Each project type carries its own set of rules, and applicants must ensure that all claimed costs fall within the eligible categories defined for their action.
The Erasmus+ programme itself covers several fields, including education, training, youth, and sport, empowering individuals and organisations to grow, connect, and shape their futures across Europe and beyond.[2]
What to Watch Next
Applicants should closely review the official programme guide and the relevant Decision on lump sums and unit costs before finalising their budget. As the Erasmus+ Programme 2021-2027 continues, understanding these financial conditions early will help ensure compliance and maximise the chances of a successful application. If you want to stay ahead of EU funding developments and programme updates, start your free trial at EU Reporting to access comprehensive coverage of European programmes and policy changes.