Horizon Europe has introduced a new funding mechanism for projects, called Lump Sum Funding. The course explains all you need to know about financing as applicant for Horizon Europe lump sum projects.
Horizon Europe uses lump sum funding to reduce administration and financial errors. Lump sums make the programme simpler by removing the need to report actual costs. This means easier access to the programme, especially for small organisations and newcomers, who often lack the experience and capacity to cope with the complex rules for actual costs.
Lump sums are defined up-front and fixed in the grant agreement. They are paid upon completion of the activities in work packages.