Co-financing

Co-financing requires that part of the funding for a project comes from sources other than the EU, such as national, regional or private funds. One of the reasons is that co-financing should leverage additional financial resources and thereby increase the total amount available for projects.

Moreover, by requiring beneficiaries to contribute own funds, the co-financing principle aims to ensure greater ownership and to encourage efficient planning and cost management.

Source: https://eufundingconsulting.eu/securing-co-financing-for-eu-projects/#:~:text=Co%2Dfinancing%20requires%20that%20part,total%20amount%20available%20for%20projects