Two more million euros for seeding EUSBSR project ideas

The EUSBSR Seed Money Facility will be able to provide funding to more projects than originally planned for. On top of 1.3 million euros originally provided, 2.0 million euro will be granted to the Seed Money Facility from the Technical assistance budget to the EU Strategy for the Baltic Sea Region.

The decision of the Member States and the EU Commission came well in time for the on-going assessment of more than 60 seed money proposals submitted in September - the majority of them with a budget of about 50.000 €. The additional funds provided will allow for more applications to be approved in this decision-making round. The funds will be primarily allocated to applications already submitted to the Secretariat. After the closure of the second financial decision, in February 2014, the Seed Money Committee will decide if a third round for seed money applications will be launched.