Funds from EU funds are actually money from taxpayers of the European Union, so these funds are allocated in order to meet certain goals and according to given rules. In practice, this means that those projects that contribute to the development goals of both the Republic of Croatia and the European Union as a whole are financed.

Quality preparation of an EU project implies the preparation of tender documentation prescribed by the tender, often on pre-prescribed forms and platforms. After the preparation of the EU project, it is applied for and the implementing bodies evaluate it. After receiving a positive decision on co-financing the project, the conclusion of a contract between the project holder (applicant / investor) and the implementing bodies of the tender is approached.

The investor usually co-finances part of the costs of eligible activities, with his own funds or an entrepreneurial loan. Likewise, the investor finances all ineligible costs (eg ineligible project activities, VAT, depreciation, etc.). The minimum and maximum grant that can be obtained is defined in the guidelines for applicants. The obtained funds must be used for the intended purpose, as a rule for the costs incurred during the implementation of the project. Consulting services are increasingly an eligible cost for co-financing, which makes the job much easier for applicants.

In addition to the quality preparation of EU projects, their implementation is even more important, which is often a much more complex procedure than the preparation itself because it includes procurement procedures and reporting to implementing bodies according to clearly and strictly defined rules. Procurement procedures depend on the value of the procurement and the status of the applicant (whether he is a public procurement entity or not). Higher procurement value implies a more complex procedure. In the reporting phase of the implementing bodies, which is also regulated by clear and strict rules, they are required to reimburse the costs incurred on the project (those project activities that are assessed as eligible). This is also done on pre-prescribed forms (ZNS - Request for Reimbursement of Funds), which are accompanied by evidence of incurred and paid costs and completed project activities.

Quality preparation of the EU project is necessary in order to obtain a contract on co-financing of the project, but the contractual obligation of the applicant is to properly implement and complete the project within a defined period. We have a great and very positive experience in the preparation and implementation of EU projects, and we can certainly help you with your EU project, from start to finish.

You can see more about European Structural and Investment Funds here.

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