Press Release: Faster and simpler access to EU funds for European businesses, towns, regions and scientists

Following the recent entry into force of the new Financial Regulation the Commission has adopted its new detailed Rules of application. The delivery of EU funds to businesses, NGOs, researchers, students, municipalities and other recipients will be improved as of 1 January 2013 thanks to simplified procedures.

The new legislation increases transparency and introduces higher accountability for anyone dealing with EU finances. It includes wider possibilities to use lump sums and flat rates for smaller amounts, eliminates the need to fill in the same details every time you apply for EU funds and introduces on-line applications as well as many other new features.

• Primary Source

European Commission: Memo/12/795: Why was it necessary to change the budgetary and spending rules in the Financial Regulation? http://europa.eu/rapid/press-release_MEMO-12-795_en.htm

---