Grant General Terms & Conditions

Learn about the terms and commitments of our grant program

1 Grant Purpose

The awarded grant is exclusively intended to finance an economic, social, or community project clearly defined by the beneficiary in their initial application.

2 Non-repayable Nature

The allocated funds constitute a non-repayable grant, subject to full compliance with the conditions stated herein.

2.1 Grant Amounts

Important: Grant amounts vary by sector and can exceed €50,000,000 depending on:
  • Project scope
  • Socio-economic impact
  • Long-term viability
  • Sector-specific needs

No fixed ceiling is established. Each application is evaluated individually based on its merits and actual needs.

3 Fund Utilization

The beneficiary commits to:

  • Use funds in accordance with the approved investment plan
  • Maintain expense documentation for 5 years
  • Immediately report any changes affecting the project

Any misuse or non-compliant utilization may result in the cancellation of granted benefits.

4 Monitoring & Control

A verification audit will be conducted 18 months after fund disbursement. This visit aims to:

Implementation Verification
Compliance with submitted project
Impact Assessment
Economic and social outcomes
Visiting agents will have access to all documents and premises related to the funded project.

5 Beneficiary Obligations

Documentation Provide all requested documentation (accounts, invoices, proof of purchase)
Cooperation Facilitate auditors' work and respond to information requests
Reporting Produce a 12-month progress report including key indicators and supporting documents

6 Clawback Clause

Mandatory Commitments

In case of:

  • Breach of contractual commitments
  • Non-compliant use of funds
  • Document falsification
  • Project implementation failure

The grant-making organization reserves the right to demand full or partial repayment of the grant, plus legal interest.

7 Final Closure

Project Validation

Following the audit visit and subject to:

  1. Full compliance with initial project
  2. Complete expense justification
  3. Achievement of declared objectives

The grant will be permanently secured with no repayment obligation.

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