What counts as receipts?
Project receipts include all financial income generated during the project duration in connection with the project, for example:
- sale of project results,
- participation fees for events,
- other project-related revenues.
As a rule, co-financing or third-party contributions that are already part of the project’s financing are not considered receipts.
A profit occurs when the EU contribution + project-related receipts exceed the total eligible project costs.
Reporting and consequences
All project-related receipts must be:
- declared in the financial report (in particular in the final report), and
- properly documented and traceable.
If receipts are generated, this may lead to a reduction of the final EU funding.
Consortium agreement
The consortium may define internal arrangements in the Consortium Agreement, e.g. that the beneficiary generating the receipts bears any resulting reduction in EU funding.
Further information