This short video will give you an overview of EU funding opportunities. Scroll down for a short quiz and a vocabulary list!
Source: EuroParlTV
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Question 1 of 6
1. Question
1 pointsAn NGO is a non-governmental organization which means that it is neither a part of a government nor a conventional for-profit business although it may be be funded by governments, foundations, businesses, or private persons.
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Question 2 of 6
2. Question
1 pointsEvery EU citizen is eligible for EU funding available in different fields of activity.
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Many people may be eligible, but it depends on one’s field of activity whether or not they can apply for funding.
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Question 3 of 6
3. Question
1 pointsOne principle of financial aid from the EU is that financial support cannot be paid for activities that have been finished.
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Question 4 of 6
4. Question
1 pointsAnother important rule is that the EU does not pay for a project alone – the applicant must also have another source of financial aid.
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Question 5 of 6
5. Question
1 pointsMore than 20 different structural and investment funds manage EU financial aid. One of these funds is the Cohesion Fund.
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There are 5 large structural and investment funds one of which is the Cohesion Fund whose aim is the economic convergence of the regions within the EU.
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Question 6 of 6
6. Question
1 pointsMicro-financing is a good option for self-employed people or small businesses with fewer than 10 employees. A micro-credit is a small loan of maximum 25,000 euro.
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KEY VOCABULARY
SME = small or medium-sized enterprise
NGO = non-governmental organization
eligible = fit, suitable, able to have or do something
available = ready for use
inclusion = including, involving a wide range of people or ideas
to vary from one area to the next = be different in different areas
subsidy = money given to help, financial aid, allowance (to subsidize = to give financial aid)
to supplement = to add to something
to fund = to support, to subsidize, to give financial aid
objective = aim, goal
retroactively = after the fact
authority = organization with power
economic convergence = going towards a similar or equal economic situation
to benefit from = to take advantage of
to answer a ‘call for proposals’ = to apply for funding from the EU
Image courtesy of David Castillo Dominici at FreeDigitalPhotos.net
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