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5.3 Essentials when waiting for funding decision

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5.3 Essentials when waiting for funding decision

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The following checklist includes essential information that is helpful when designing a youth exchange project. You can also find some useful tips and hints on what is important during this phase.

  • A funding decision may take up to 3 months. The National Agency will check how your project meets formal criteria and then evaluate its quality.
  • Depending on the country, projects are assessed by an employee at the National Agency and/or external evaluators.
  • Estimate the total budget of your project and calculate how much of Erasmus+ co-funding you may expect to receive.
  • Think about the co-funding required from the partners and how you will raise the money needed in each country.
  • Have enough of co-funding to complete the project. Last 20% of the grant will be transferred after approval of the final report.
  • If your project wasn’t up to the quality requirements, start from improving it. Ask your National Agency for feedback.
    
Make a copy of the Checklist and use it to follow the necessary requirements for a youth exchange project design.

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The ‘Star of Europe’ is hosted by the Finnish National Agency for Education, which also manages the European Union’s programme Erasmus+.
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Open the checklist. Write down which of the checklist points did you find the most important for you?

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