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Each budgetary period, the European Commission directs considerable budget towards the implementation of the EU policies. This is achieved through grants provided to projects aiming at the implementation of such policies.
The current budgetary period 2007-2013 offers extensive support for different entities whether public or private. Below, some examples of EU funding opportunities are highlighted.
EU funding opportunities are distinguished between centralized and decentralized funding. Centralised funding is directly managed by the European Commission while decentralized funding is managed by local and/or regional authorities.
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Centralised Funding Opportunities include:
- Framework Programme for Research and Technological Development 7 (FP7) - This programme has a total budget of over 50 billion euro which covers various sectors including health, ICT, energy, environment, academic research.
- Competitiveness and Innovation Framework Programme (CIP) - This programme supports innovation activities, provides better access to finance and delivers business support services in the regions. This program is divided into 3 operational programmes:
- The Entrepreneurship and Innovation Programme (EIP)
- The Information Communication Technologies Policy Support Programme (ICT-PSP)
- The Intelligent Energy Europe Programme (IEE)
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Decentralised Funding Opportunity includes:
Employment Schemes managed by the Employment and Training Corporation
- Rural Development Programme schemes
- Grant Scheme for Tourism Projects by Enterprises 2007 - 2013
- Malta Enterprise ERDF Schemes - these are funds managed by Malta Enterprise offering diverse opportunities to increase the overall competitiveness and efficiency of local enterprise such as the ERDF International Competitiveness Scheme and the ERDF E- Business Grant Scheme.
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