9.6. Managing Authorities
What is the role of a managing authority in EU-funded projects?
Managing authorities oversee the implementation of EU-funded projects. They provide guidance, support, and financial management services, ensuring compliance with regulations. They also monitor project progress, review reports, and distribute funds based on predetermined reimbursement procedures.
How can we ensure compliance with EU regulations throughout the project implementation?
To ensure compliance, familiarise yourself with the relevant regulations, guidelines, and contractual obligations. Maintain accurate records, implement transparent financial management, and conduct regular internal audits. Adhere to reporting deadlines and seek guidance from the managing authority whenever needed.
What happens if our project encounters unforeseen challenges or delays?
Unforeseen challenges or delays are common in projects. It is essential to communicate with the managing authority, promptly informing them of any issues and proposing alternative solutions. They can provide guidance, help identify potential remedies, or suggest necessary amendments to mitigate the impact.