Co-financing

When you apply for a grant or fund, you’ll often come across the term “co-financing.” In many cases, a grant provider or fund is fund willing to provide a portion of the total amount needed for your initiative or project. They may require, for example, that you be able to generate at least 50% from your own or private funds in order to qualify for the grant. This means that in your budget and in your project plan or action plan, you must describe which financial resources you expect to receive from the business community (sponsors) and which revenues from your audience you can include in the financing.

In addition, in many cases it’s also possible to include certain items “in kind” as co-funding. These could include, for example, hours that you “sponsor” yourself or practical resources that represent a value, such as a car, your laptop, or the office space you use.

The guidelines for reporting co-funding may vary from one grant to another. Therefore, always read the terms and conditions carefully or contact the government official responsible for that grant.

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