The EEA Grants
“We work together for a green, competitive and inclusive Europe”.
The EEA Grants represent the contribution of Iceland, Liechtenstein and Norway to creating a green, competitive and inclusive Europe.
There are two general objectives: reducing economic and social inequalities in Europe and strengthening bilateral relations between donor states and the EU-15 countries in Central and Southern Europe and the Baltic Sea area.
The three Donor States cooperate closely with the EU under the Agreement on the European Economic Area (EEA). Donors contributed EUR 3.3 billion as part of successive fund programs in 1994–2014. EEA funds for the period 2014-2021 are EUR 1.55 billion. The priorities for this period are:
# 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.
The EEA Grants are jointly financed by Iceland, Liechtenstein and Norway, whose contributions are based on their GDP.
Eligibility for the funds results from meeting the criteria set out in the EU Cohesion Fund for Member States where gross domestic income per capita is less than 90% of the EU average.