What is seed money?
Seed money is EU funding to prepare projects that contribute to one of the priority areas or horizontal actions of the EU Strategy for the Baltic Sea Region.
Partners that receive seed money funding will draft a project plan that can be further developed into an application to any of the EU or national funding sources e.g. the European Structural & Investment Funds programmes 2014-2020. The plan has to include a description of activities and outputs, the composition of the partnership, the indicative budget and an analysis of funding possibilities. If the future project is to be focused on investments, also feasibility and pre-investment studies can be financed.
Additionally, the partners are expected to cooperate with the responsible Policy Area Coordinators and Horizontal Action Coordinators of the EU Strategy for the Baltic Sea Region.
On behalf of the European Commission, Investitionsbank Schleswig-Holstein (IB.SH) manages the Seed Money Facility. IB.SH is also providing the Managing Authority, Certifying Authority and Joint Technical Secretariat of the EU-funded Baltic Sea Region Programme. Seed money funding is part of the European Commission’s technical assistance budget for the EU Strategy for the Baltic Sea Region.
Which topics can be addressed by the seed money projects?
The Facility supports only projects that are explicitly addressing challenges listed in the Action Plan to the EU Strategy for the Baltic Sea Region. The Action Plan is available at www.balticsea-region-strategy.eu.
The European Union’s Strategy for the Baltic Sea Region (EUSBSR) strengthens cooperation within this large region. The challenges in the region are addressed by working together as well as promoting a more balanced development in the area. The Strategy also contributes to major EU policies and reinforces the integration within the area.
The Strategy and its Action Plan are structured around three objectives: saving the sea, connecting the region and increasing prosperity.
What is the duration of the seed money project?
The seed money funding is granted for a period up to one year. In addition, the projects are granted two extra months for managing all tasks related to concluding of a contract. After completion of the implementation phase, the projects enter the so-called “closing phase” of one month to prepare the final report and make final payments. No costs that were incurred during the closing phase are eligible for funding.
up to 15 months
up to 12 months
up to 1 month
Eligibility of costs
End date of activities
←Seed Money Committee
End date of payments
and submission of the
final report →
Who can participate in the seed money project?
Participation in seed money projects is open to public institutions, bodies governed by public law, and other bodies established under public or private law for the specific purpose of meeting needs in the general interest. For more information and a definition of the different types of potential participants, please consult the Seed Money Facility Manual.
A seed money project partnership has to involve at least three partners from at least three different BSR countries (Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland and Sweden as well as Norway, Belarus and North-West of Russia). In duly justified cases, organisations from other countries may become partners and receive funding from the Facility as well. The Lead Partner must be from an EU Member State in the Baltic Sea Region.
What can be financed?
The seed money grant can be used to finance staff, costs for external services and experts as well as travel, accommodation and meeting costs.
The total budget of the seed money project may range from 30,000 to 50,000 EUR. In justified cases, e.g. when pre-feasibility studies are included, the project budget may reach up to 100,000 EUR.
The grant co-financing rate amounts up to 85%. The organisations implementing the seed money projects are expected to complement their grants with own contributions. These contributions must not come from other EU sources.
Example: If the total project budget amounts to 30,000 EUR, the grant may not exceed 25,500 EUR; in this case the own partner contributions may not be lower than 4,500 EUR).
Who decides on the seed money applications?
The decision on whether or not a seed money application will be approved is made by the Seed Money Committee composed of a) members of Interreg Baltic Sea Region Monitoring Committee and b) Policy Area Coordinators/Horizontal Action Coordinators of the EU Strategy for the Baltic Sea Region. The funding decisions will be taken up to four times a year (depending on availability of funding).