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Our winning proposal: Breaking down lump-sum funding

   

EU looks ahead to lump sum funding rollout, as pilot scheme participants describe their experiences

Top tips:

  • Lump-sum funding tends to result in a greater administrative burden than normal mechanisms during the application process, but less once the award has been won.
  • Blue-skies research is probably not best suited to lump-sum funding.
  • Setting realistic milestones is crucial in lump-sum applications.
  • Projects should be constructed so that no partner is too reliant on the other achieving their milestones.

Earlier this month the European Union announced it was considering a “massive extension” of its lump-sum funding model. The change means that those taking part in projects would not need to report their costs or use timesheets to track work. Instead they would submit overarching cost estimates set out before the project starts.

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