The subject of financing can be an existing or new training programme. In the case of the new one, it needs to be certified/accredited before the Funding agreement is going to be signed, but the latest 6 months after the application approval.

The VET Consortia can apply for funds to purchase equipment or machinery, do construction or renovations, improve curricula and training materials, or train teachers or in-company trainers to strengthen the practical aspects of training courses. You can find further details here (Use of funds and eligibility criteria).

In case the VTI/enterprises are constrained with their space, they might rent space for their practical learning outside of their education/business premises. Ultimately, the VTI is the final beneficiary and owner of the grant funding, while participating enterprises have an opportunity to benefit from the training of their staff dealing with the cooperative training and prepared trainees.

It can be VTI, participating enterprises or jointly. Property utilized by the VTI and enterprises for existing training programmes to be used in suggested EoI can be still considered as matching contribution via proportionally calculated time/costs utilization.

Matching contributions can be monetary by covering a certain amount of the planned investment through the VET consortium members.  Matching contributions can also be made in-kind through expenditures, direct or indirect costs, incurred by the consortium members for the implementation of the project. Co-financing of the project proposal by external partner(s) is not going to be considered as matching contribution. Typical examples of direct costs could be salaries of staff directly engaged in the RCF project (proportion of the time used for project implementation, trainee costs (such as daily or meal allowances), Insurance costs for trainees, Travel expenses for trainees or trainers. Indirect costs may cover costs for premises or office space, cost of the use of machinery, cost of material and services (e.g. printing), recruitment expenses, utility charges etc.

In-kind matching contribution example could be the proportion of leased machinery and equipment, prorated costs for teacher’s and in-company trainers salaries, utilities, insurance and transport expenses.

You can view detailed guidelines with the instructions for the categorization of matching contributions here.

RCF can finance only investments planned by the approved applicant, as the procurement must take place based on guidelines dependent and valid on subject and the amount of investment.

RCF will finance most of the procured items directly.

First of all, any activities recognized by the KfW group with their Exclusion and Sectorial Guidance List. Costs not directly related to the training programme requested with the grant application. Activities, that are already carried out by the VTI. Normal operating costs of VTI or partnering enterprises, especially if they are not clearly attached to the training programme.