Skip to navigation

Skip to content

Operation of EIBURS

The general conditions that apply for the operation of EIBURS are the following:

  • An amount of EUR 10 000 will be disbursed to the EIBURS centre at the beginning of each year of the three year period to cover administrative expenses and preparatory work;
  • Up to EUR 90 000 per year could be requested, in principle for those activities foreseen in the proposal, although other expenditure possibilities may be contemplated, particularly those arising for the later phases of the 3-year agreement;
  • Disbursements will usually follow the presentation of bills, although some upfront funds could be provided when duly justified, notably for activities requiring important down payments;
  • Funds not used during the year may be eligible for financing during a maximum period of three months after the deadline;
  • All expenses must be approved by the CBU Management Team, which will issue payment orders to the relevant EIB services;
  • Expenses incurred by EIB staff or related to traineeships at the EIB will be financed by the EIB;
  • Any conflict arising between the centre and the Secretariat, will be resolved by the Compliance Officer of the EIB, who will be the final authority in this regard.