The non-repayable financial contribution (NFP) is a sum of financial resources provided to the recipient for the implementation of an approved project, which the recipient does not have to repay provided the conditions of the contract are met. The NFP consists of European Union resources and co-financing from the state budget of the Slovak Republic; part of the project budget may also consist of the applicant's own contribution. The amount of the NFP depends on the aid intensity set out in the call and on the state aid scheme or de minimis aid scheme. The NFP is granted on the basis of a contract for the provision of the NFP between the recipient and the provider (the managing authority or intermediate body). A condition for payment is demonstrating eligible expenditure through payment claims. In the event of a breach of the rules, for example a flawed public procurement, a financial correction or repayment of part of the contribution is at risk.
See also: Application for a non-repayable financial contribution (NFP).
