Funding news

Simplifications for EU funding expected - 28 July 2010

Reform of EU funding rules expected at the end of 2010. Amongst other changes Gifts in kind and volunteering are expected to count towards match-funding.

Members of the European Parliament have agreed to consider simplifying the way the European Commission funds charities and allowing them to count gifts in kind and volunteering towards match-funding targets.

Filippo Addarii, executive director of the Euclid network - a European network of third sector leaders - said the commission would publish new financial regulations at the end of 2010.

He said the reforms could also include increasing from 7 per cent to 20 per cent the proportion of grants from the commission that can be spent on indirect costs such as overheads, and scrapping the rule that charities cannot make a surplus from running services using European funding.

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