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The eligibility period of the 2007-13 OPs is now over for most of the Member States and there's no time left for beneficiaries to spend. It's now up to the Authorities to start preparing the closure documents to seek the maximum reimbursement from the Commission. There are lots of challenges and pitfalls ahead. The Final Implementation Report, the Statement of Expenditure, the Statement on Withdrawals and Recoveries, the Application for Payment, the Closure Declaration and the Final Control Report, not to mention all the fieldwork, administrative and on-the-spot verifications, audits and evaluations that need to be done. A tall order indeed, which needs to be completed by March 2017. But there are some tricks which can still be used by the deadline.
At the same time, and starting from this year, the designated bodies have the new annual submission of documents to fulfil for the 2014-20 Programmes. Whilst the first tranches of initial pre-financing have been received for the approved OPs, the annual pre-financing and the last 10% balance on interim payments are conditional on the quality and content of the required documents. It can be easily considered an annual "mini-closure" exercise, which requires substantial attention and detail from all concerned.
So what is left to be done in the run-up to the submission deadline of the 2007-13 Programmes? What solutions are still available? And what is this annual clearance exercise under the 2014-20 Programmes? What is expected of Member States and how does it work?
Mastering Closure 2007-13 & the Annual Submissions 2014-20 is being held on 19-20 May 2016. The first part of this course aims to explore the possible options to maximise absorption of funds, the efficiency and effectiveness of management verifications and the problems in measuring outputs, results and impacts under the 2007-13 Programmes, all based on instructions and recommendations provided by the European Commission. The second part deals with the conditions for the reimbursement of funds to Member States in the 2014-20 programming period, including the designation procedure, initial, annual, interim and final payments, the Management Declaration and the preparation of the Accounts, the Annual Summary, the audit opinion, the control report, and also the Performance Reserve.
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We provide training and other optimal solutions on the back of experience gained in the management of the 2004-2006, 2007-2013 and 2014-2020 EU funded programmes at the Managing Authority of Malta. Our experts were directly involved in operational programme development, final programme closure reporting and (pretty much) anything in between!
2014-2020 is about performance. Indeed, we are here to share our knowledge on EU funding and help you perform.
Whether on business or vacation, Malta offers a rich concentration of natural beauty, cultural legacy, vibrant entertainment, friendly faces and top-end facilities. The country stretches just over 300km2, covering the three main inhabited islands, with the largest – Malta – lying to the south of the smaller islands of Gozo and Comino. The population is 418,000 and the official languages are Maltese and English. The capital city is Valletta.
The wealth of historical sites (including nine UNESCO World Heritage Sites), cultural activities, its warm climate, recreational areas, beaches, and architectural diversity, make Malta a popular tourist destination. It also offers a stable political, economic and industrial environment, hosting thousands of local and international companies in different sectors, mainly tourism, financial services, IT, manufacturing and retail. EU membership and the adoption of the euro currency have enhanced Malta’s accessibility and attractiveness as an international business hub in the centre of the Mediterranean region.
For more information about Malta, visit www.visitmalta.com.
Malta and European Funds
Malta joined the European Union on 1st May 2004. Since 2000, the Government of Malta has been actively participating in EU-funded programmes under shared management with the European Commission. Malta has received in excess of €1bn from the EU under the various initiatives undertaken so far, both pre- and post-accession, including Pre-Accession Funds and the Transition Facility (inc. TAIEX), the Structural Funds Programme 2004-06 (ERDF, ESF, EAGGF, FIFG) and the Cohesion Fund 2004-06, Cohesion Policy 2007-13 (ERDF, CF, ESF), the Rural Development and Agriculture funds (EAGF/EAFRD), The European Fisheries Fund (EFF), Framework Programme on Solidarity and management of Migration funds 2007-2013 and the Lifelong Learning and Youth-in-Action Programmes,
Another €882m are allocated to Malta under the 2014-2020 Multi-annual Financial Framework (Cohesion Policy, Common Agricultural Policy and European Maritime and Fisheries Fund. Source: ec.europa.eu).
