14.02.2022
New financial instrument promotes cooperation in the Barents region
The new Barents Financial Mechanism (BFM) supports the promotion of contacts and sustainable development in the Barents region. The supported projects are expected to support the objectives of the ongoing Finnish BEAC and Nenetsian Barents Regional Council (BRC) Presidencies.
Maximum grant for one project: EUR 40 000. The co-financing rate must be at least 10% and the duration of the project must not exceed two years. For justified reasons, the project period may be extended to three years.
BEAC member countries have been planning to create their own funding programme to support Barents cooperation for years. Finland will invest a total of EUR 550 000 in the fund. The total funding for the first call is EUR 730,000. Several information sessions related to the financial instrument will be organised for potential applicants during the spring of 2022.
