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The Operational Programme Knowledge Education Development 2014–2020 is financed from the European Social Fund (ESF) and from a special budget line of the Youth Employment Initiative (YEI). KED budget is over EUR 5,4 bilion from ESF allocation and from the national contribution, including over EUR 252,4 million from a special budget line of the Youth Employment Initiative (YEI).  

The allocation of funds for individual priorities:

  1. Young people on the labour market - EUR 2,035 million
  2. Effective public policies for the labour market, economy and education - EUR 878 million
  3. Higher education for economy and development - EUR 1,253 million
  4. Social innovation and transnational cooperation - EUR 711 million
  5. Support for healthcare - EUR 357 million
  6. Technical assistance - EUR 195 million

Means of project financing

A beneficiary whose project was selected for support under the Programme concludes a contract on project co-financing with the competent institution. Contract on project co-financing specifies the amount of support provided for the implementation of the project and the conditions for its implementation.

The agreement or the decision contains in particular the following information:

  • the amount of co-financing granted,
  • the deadline and means of settling the funding granted,
  • method to be used for reporting and settlement,
  • sanctions for breaching the provisions of the contract/agreement or decision on co-financing. 

Method of financing of a given project depends on the type of the entity using the funding and the specific nature of the project.

According to the general rule, co-financing may cover only the so-called eligible costs. A catalogue of eligible costs is established for each programme and for each type of project. If during the implementation of a project there arises a need to carry out tasks which were not included on the list of eligible costs, such tasks should be financed from beneficiaries’ own funds.

A portion of projects financed under the Programme may require that the entities implementing the programme participate in the covering of its costs by making the so-called own contribution. This principle is applicable to projects involving State aid.

Beneficiaries receive co-financing in the form of:

  • a refund – support constitutes a repayment of all or part of expenditure actually incurred by the entity implementing the programme and financed from its own funds,
  • advance payment – paid out for planned expenditure.The final settlement is made on the basis of documents indicating actually and appropriately incurred expenditure.
  • repayable instruments.