EU funds are foreseen for entrepreneurs, municipalities, businesses, educational institutions, natural persons and other public institutions.
There are two basic structural funds: the European Social Fund (ESF) and the European Regional Development Fund (ERDF), which seek to reduce the gap between the regions, while the Cohesion Fund, unlike the structural one, does not use the regions of a Member State. EU funds become an integral part of the investment undertakings of entrepreneurs, and as such should be used to a greater extent.
Only by 2020 EU funds will offer you over € 12 billion.
Who is eligible for funds from EU Funds?
The right to receive money from EU funds has all kinds of organizations from the public, private and civil sectors, as well as citizens, individuals and their initiatives. They must all be from EU Member States or from candidate countries. EU funds have special conditions for each tender and they differ from tender to competition, as well as who can be the applicant.
How to obtain grants from EU Funds?
If an individual has an idea of an entrepreneurial venture or improvement and improvement of his business process, it is necessary to determine whether funds from the European Union and EU funds can be realized. If the answer is yes, it is necessary to find an adequate tender for which the project will be able to apply and develop an idea with our help or assistance from other consultants. After that, it is worth considering what the tender requires, who can be the project applicant, how much the grant can be obtained, how much the percentage must be financed by the applicant. It is necessary to write a project proposal and submit it to the tender together with other necessary documentation at a certain time, and then only wait for the evaluation of the European Commission. If the project passes and achieves a grant, EU funds have become a part of financing your idea and moving towards implementation. TOSKOVIC Company® offers you services of monitoring and applying for tenders and EU funds are close to us in our business, so if you have any questions please feel free to contact us.
How to make a good project?
EU funds require a good project to benefit the wider community, not just for the individual who is the project applicant, otherwise the project will not pass. You need to refer to priorities from strategies, operational programs and other documents and make a good billing. Any item you omit or increase your cost may cost you by deducting grants from EU funds. That is why it is necessary to write in detail all the activities that will be carried out and explain them to the last detail. EU funds have a lot of things to look out for, because even if your idea is the best in the world, if the technical part did not work well, the commission will not even read the project. EU funds are available to everyone, but the commission is very rigorous in terms of approving funds.
What is needed to apply for a tender from EU Funds?
European funds differ according to the type of fund, and each tender is different. The required project documentation changes everything in each tender. The most frequently requested documentation is: business plan, financial plan (cost), application form and documents from the applicant (extract from the court register, BON 1 and BON 2, confirmation of the tax administration on non-payment of debts and other). It is especially important to note if you are planning to finance the construction of a facility or the reconstruction of the existing one, obtaining all necessary permits can last for more than a month, as well as the preparation of the project itself. EU funds have a more complicated process of registering from national programs, so contact the consultants about the preparation of project documentation, because only you have the opportunity to withdraw the grant.
How can TOSKOVIC Company® help entrepreneurs and other clients?
TOSKOVIC Company® helps its clients to create a project idea, prepare documentation for project applications and provide opportunities for work on their implementation.
EU funds and the development of projects for the withdrawal of grants are the main services we provide in our work. The goal of our company is to provide a quality service that will enable our clients to realize the means to improve their own business. We are a feature of innovative ideas and a special focus on each client. Each new project is seen as one challenge that should be approached with a certain amount of sincerity, professionalism and seriousness. In addition to increasing the productivity and efficiency of the company's operations, which are part of our mission, we believe that great positive progress can be achieved through joint cooperation and joint work. EU funds really cover a wide area, so we invite anyone who wants to invest in their business to take the first steps, get information and get what belongs to you.
What EU Funds Are There?
The European Social Fund (ESF) was established to reduce developmental differences between member states. As such, it represents the main financial instrument for stimulating entrepreneurship and providing assistance to unemployed people in finding better jobs and establishing more equitable opportunities for all European Union citizens in employment.
The objectives of the European Social Fund are:
- Strengthening the economy,
- Create more jobs,
- Increase the employment rate,
- Improvement of social inclusion,
- The resolution of the consequences of the economic crisis,
- Investment to education,
- Strengthening of administrative capacities.
The European Regional Development Fund (ERDF) is aimed at strengthening economic and social cohesion, as well as reducing the development gap between regions within the European Union. In financial terms, this is the most significant fund, which primarily focuses on direct investments and all types of financing.
The objectives of the European Regional Development Fund are:
financial assistance to regions whose gross domestic product per capita is less than 75% of that in the EU, the modernization of economic structures and the preservation or opening of new jobs, the promotion of competitiveness and investment in regions to make them more attractive to businesses and investors.
The European Regional Development Fund supports sustainable development strategies with an emphasis on promoting employment, and the main priorities are:
Strengthening regional capacity for research and technological development, supporting innovation and entrepreneurship, clean-up of polluted areas, increasing energy efficiency, promoting clean public transport in cities, better adoption and effective use of ICT, especially by small and medium-sized enterprises.
Encourage cross-border co-operation - whether between countries, whether between regions - to which cohesion policy would not be helpful.
The Cohesion Fund represents the funding available to EU members for the purpose of launching major infrastructure projects in the field of transport and environmental protection. Funds from the funds are envisaged for the following areas: renewable energy sources and energy efficiency, environmental protection and the adoption of E, trans-European transport network and transport infrastructure.
EU funds differ from the EU Program in that the Program usually requires you to have foreign partners on the project. European Union programs represent an integrated set of activities adopted by the European Community or the Union with a view to promoting cooperation between Member States in the various fields related to the common policies of the European Community. As a rule, EU programs are intended for EU Member States, but some of them are open to countries in the process of joining the Union.
For all your questions and instructions, we are at your disposal.