MARELITT

PILOT PROJECT: REMOVAL OF MARINE LITTER FROM EUROPE'S FOUR REGIONAL SEAS

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Toolkit: Derelict Fishing Gear Retrieval, Funding for your project

Motivations for project sponsors | Applying for EU funding

Developing a strategy for securing the funding that your organisation and partners cannot provide internally will be a critical part of the preparation of your project.

After preparing your initial budget (see section on project budget), you will be able to determine funding needs more precisely, including what can be  provided by  partner organisations (for example, through in-kind contributions) and what needs to be funded by an external source, such as a grant. A good funding strategy will consider all options for contribution to the project costs. For example, some potentially large costs, such as waste handling and treatment or recycling, can be provided through in-kind contribution by the waste management company as a project partner. In this document, the term ‘project sponsors’ is used for those contributing to your project, by grant funding, corporate funding, in-kind or other.

The funding strategy will also depend on the project situation and the availability of grant programmes from EU, national, regional or local public funds, as well as options to attract funding from non-governmental sources such as foundations and private sector stakeholders.

Your funding strategy should answer the following questions:

 

Picture: Per-olof Larsson