To properly estimate the EC contribution, in addition to the estimated eligible costs the budget of FP7 grant agreements must also comprise the estimated eligible receipts of the beneficiaries for the project. Receipts can be received in the form of: Financial transfers or their equivalent to the beneficiary from third parties, Contributions in kind from third parties or income generated by the project.
Beneficiaries must take into account and declare receipts which are established (revenue that has been collected and entered in the accounts), generated or confirmed (revenue that has not yet been collected but which has been generated or for which the beneficiary has a commitment or written confirmation) at the time of the submission or latest at the time of the submission of the last financial statement.
- Redress I
The feedback to the applicant letter indicates an address to which an applicant can address a complaint if (s)he wishes to submit a request for redress, in case (s)he believes that there have been shortcomings in the handling of his/her proposal. An internal evaluation review committee ("Redress I committee") will examine any complaints.
- Redress II
Provides for a procedure to handle complaints of the beneficiaries concerned in the case of the termination of a Grant Agreement or the termination of the participation of one or several beneficiaries in an ERC financed project at the ERCEA's initiative. . When ERCEA informs a beneficiary about the decision to terminate a grant agreement, the beneficiary and the Principal Investigator concerned will also be informed about the possibility to resort to the Redress II procedure.
In case a complaint is filed by a beneficiary, the Redress II Committee will review the request and provide a recommendation to the ERCEA Director.
A referee is a scientist or scholar who brings to bear the necessary expertise. The referee works remotely and delivers his/her individual review by electronic means. His/her name is made public at the end of each year on the CORDIS website.
- Reimbursement rate
- Research Centre (Joint Research Centre)
The European Commission's Joint Research Centre (JRC) is a Directorate-General (DG) of the European Commission providing independent scientific and technological support for EU policy-making. It works on the development of EU legislation in close cooperation with the relevant Commission services, such as the Agricultural, Enterprise, Environment, and Health and Consumer Protection DGs. Knowledge comes from specific application- and issue-oriented research within the seven JRC Institutes and intensive cooperation with over 1000 public and private organisations in 150 networks in Member State and applicant countries. The JRC also liaises with non-EU and global scientific and standard-setting bodies.
- Research organisation
- Reserve list
Due to budgetary constraints it may not be possible to support all proposals that have been evaluated positively. In such conditions, proposals on a reserve list may only be financed if funds become available due to failure of the granting procedure to projects, the withdrawal of proposals, budget savings agreed during the granting procedure or the availability of additional budget from other sources.
- Risk-Sharing Finance Facility (RSFF)
A new mechanism, set up under FP7, to foster private sector investment in research by increasing the capacity of the European Investment Bank and its financial partners to provide loans for European Research projects. It is implemented through a cooperation of the European Commission and the European Investment Bank and creates an additional capacity of up to EUR 10 billion for financing higher risk research, technological development, demonstration and innovation activities. The EIB implements the RSFF in close collaboration with all major EU national and regional banks within Member States and Associated Countries to FP7, which are providing support to the development of European companies. Financing through the RSFF can be sought either in addition to, or instead of FP7 grants.
For additional information on RSFF see the EIB and EUROPA websites.