The Grant Agreement outlines the rights and obligations related to the project between the beneficiaries and the European Commission. In contrast, the Consortium Agreement addresses the rights and obligations among the beneficiaries themselves.
The grant agreement (General Model Grant Agreement ) defines the work that you commit to carry out during your EU-funded project. It is based on your successful proposal.
An action grant funds a specific action intended to help achieve one of our policy objectives. An operating grant funds the operating costs of an organisation pursuing an objective supporting our policies.
Horizon Europe is the ambitious EU research & innovation framework programme for 2021-2027 with a budget of €95.5 billion. Its overarching goals are: to strengthen the EU's scientific and technological bases and the European Research Area (ERA);
The Grant Agreement is a formal contract between the project consortium and the funding body, such as the European Commission, that specifies the terms and conditions of the grant received.
Grant agreements typically specify what the funds are intended to be used for, any conditions of funding (such as acquiring matching funds or executing a deed restriction), reporting and monitoring requirements, and what remedies would be required should the funds be used improperly or not entirely used.