The project “A Place for Youth in Mediterranean EEA: Social and Sharing Economy for NEETs” (YOUTHShare) is funded by Iceland, Liechtenstein and Norway through the EEA and Norway Grants Fund for Youth Employment. It’s budget amounting at 2.125.185,33€ will be covered by the above Financial Mechanism at a rate of 84,48%.
The EEA and Norway Grants represent the contribution of Iceland, Liechtenstein and Norway towards a green, competitive and inclusive Europe.
For the period 2014-2021, the EEA and Norway Grants amount to €2.8 billion. The priorities for this period are:
There are two overall objectives: the reduction of economic and social disparities in Europe, and the strengthening of the bilateral relations between the donor countries and 15 European Union countries in Central and Southern Europe and the Baltics. The three donor countries cooperate closely with the European Union through the Agreement on the European Economic Area (EEA). The donors have provided €3.3 billion through consecutive grant schemes between 1994 and 2014.
#1 Innovation, Research, Education and Competitiveness
#2 Social Inclusion, Youth Employment and Poverty Reduction
#3 Environment, Energy, Climate Change and Low Carbon Economy
#4 Culture, Civil Society, Good Governance and Fundamental Rights
#5 Justice and Home Affairs
Eligibility for the Grants mirror the criteria set for the European Union Cohesion Fund aimed at member countries where the Gross National Income (GNI) per inhabitant is less than 90% of the European Union average.
The EEA and Norway Grants scheme consists of two financial mechanisms. The EEA Grants are jointly financed by Iceland, Liechtenstein and Norway, whose contributions are based on their GDP. Norway Grants are financed solely by Norway.
Until the end of the end of the previous finance period (2009-2014) the EEA and Norway Grants have funded 7 075 projects 88% of completed projects have had positive effects that are likely to continue beyond the funding period.