Financing

Financing the Initiative

The EEA and Norway Grants are Iceland, Liechtenstein and Norway's contribution to a green, competitive and integrative Europe. Their main aim is to reduce economic and social differences in Europe and to strengthen bilateral relations between the donor countries and 15 EU countries in Central and Southern Europe and the Baltic states. The basis of the EEA and Norway Grants is the EEA Agreement. Under this agreement, Iceland, Liechtenstein and Norway operate in the EU's internal market. The common goal of the agreement is to work together to reduce social and economic inequalities in Europe. For this purpose, donors created EEA and Norway Grants. With the help of EEA and Norway Grants, Iceland, Liechtenstein and Norway want to contribute, among others, to improve growth and employment, tackle climate change and energy dependency, and reduce poverty and social exclusion. The beneficiaries are local, regional and national authorities, educational and research institutions, students, teachers and researchers, non-governmental organizations, small and medium-sized enterprises and social partners. The amount of subsidies for EU countries from the EEA and Norwegian Funds in the years 1994–2014 amounted to EUR 3.3 billion, while in the years 2014-2021 - EUR 2.8 billion.

More information about the financing of the initiative:  www.eeagrants.org   |   www.norwaygrants.org   |  www.eog.gov.pl