Contact us right at the start of the project if you’re planning to carry our a project financed with European Union support. We can lend you money for self-financing and give you advice about how to plan your project well.
Those who want to use the support of the European Union have to make their own contribution as well. There are two main principles for payment of support: self-financing and post-financing.
Additional information
Partners in financing projects with European Union support
Website of EU Structural Funds
Credit and Export Guarantee Foundation KredEx
Enterprise Estonia
Rural Development Foundation
Agricultural and rural support www.pria.ee and www.agri.ee/MAK
Fishery support
Euromoney Handbook
You will probably need the assistance of the bank for initial financing of the project, as the support of European Union funds are paid at the end of the project.
SEB has a lot of experience in applying for money from European Union programmes. We cooperate with most of the consultation companies that consult European Union support projects.
We help you to prepare your project and the support application. We also offer you project management and monitoring services in cooperation with our partners in the case of larger projects.
Contact a Client Executive when you start preparing the project
Project expenditure may divide in eligible and ineligible. Eligible expenditure is determined in legislation.
The amount of European Union support is calculated on the basis of eligible expenditure.
Example of how the amount of support is calculated
The total cost of the project is 50,000 euros, 75% of which or 37,500 euros is eligible expenditure. The maximum support that may be given to the project is 50%. This means that European Union support amounts to 18,750 euros or 50% of 37,500. The company must cover the remaining project expenditure (31,250 euros) from is own funds or find a co-financier for the project.
You can finance the project with bridge financing and long-term financing
Projects with European Union support may differ slightly depending on the project and the support measure. Usually, you have to go through nine stages to implement a project.
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