FAQs - Lump sum budgets and financial annexes

For lump sum grant proposals, the estimated budget must be described in a detailed budget table (excel), annexed to Part B. As part of the budget figures in Part A, you need to add the totals of the maximum grant amounts requested, copied from detailed budget table. The lump sum scheme for EIC is type 2. 

Under Lump Sum Type 2, proposals must contain a detailed budget table for the lump sum defined by the applicants. In this table, cost estimations for each cost category are resolved per beneficiary and per work package. The table automatically generates the breakdown of the lump sum per beneficiary and per work 45 package that will become the Annex 2 in the grant agreement. The lump sum budget table is a key component of the proposal and guidance and instructions should be followed very carefully by applicants. Figures should be always double checked and reconciled against information in part A and B.

Since 2024, detailed costs regarding lump sums are collected in a new annex called “lump sum detailed budget” and the data supporting your business plan and your investment needs are shown in a simplified version of the previous financial annex now named “Financial plan and equity needed”. The worksheet “financial plan” is used to show evaluators more concretely your financial assumptions, i.e. your planned turnover, the evolution of your costs, your cashflows, your balance sheet and key financial ratios, the one on “lumps sum detailed budget” to show the costs of the actions you intend to implement. Evaluators will use the data to support their assessment of the last evaluation sub-criteria, e.g. to assess whether the financial resources foreseen are realistic and timely to support the proposed implementation plan and activities.