Financial contribution
Forms of grants: Three forms of grants are proposed for the Community financial contribution:
These may be used to cover the entire Community financial contribution for a funding scheme or more than one may be used in combination.
For most funding schemes, reimbursement of eligible costs will continue to be the preferred method, particularly at the beginning of FP7. Lump sum and flat rate financing will be introduced gradually and if successful will be used more extensively.
For frontier research actions, the ERC’s Scientific Council will propose appropriate funding modalities within the terms established by the RFP and the Financial Regulation.
Reporting and reimbursement of eligible costs: The definition of eligible costs has been simplified and the three cost reporting models used in previous framework programmes have been abandoned. This means that participants can charge all their direct and indirect costs and have the option of a flat rate for indirect costs. Costs will be determined according to the usual accounting and management principles of the participants to achieve the project objectives based on principles of economy, efficiency and effectiveness.
The Community financial contribution will cover:
The maxima indicated above are applied to all eligible costs even where part of the reimbursement of costs, or even the full funding of the project, is based on lump sums or flat rates.
For Networks of Excellence, a special lump sum is proposed, with a fixed amount per researcher per year (€23,500). Portions of the lump sum would be paid periodically according to indicators showing progressive implementation of the Joint Programme of Activities (JPA).