Closing a European Project

Closing down your European Project

Six months before your project is due to finish, Research Finance will review your remaining budget (in line with current exchange rates) and inform you of how much is remaining. The European Commission will keep any remaining budget after the project has closed.

It often takes some time after final reports are submitted for the University to receive  the final installment of cash from the European Commission. The final contribution will not be passed to the relevant School or Department until the installment is received, at which point any gains or losses to the budget in GBP due to exchange rate fluctuations will be known. Any differences to the final project contribution resulting from exchange rate fluctuation will be added or deducted prior to sharing between the Department and the Centre.

Horizon 2020

  • The Coordinator must submit final reports to the European Commission within 60 days of the project end date.
  • No costs are allowed after the project end date.
  • You may apply for a time extension to the project, but this has to be with the agreement of the consortium.

Coordinator responsibilities

  • You must ensure that all final reports are submitted to the Commission within 60 days of the end of the project
  • You are allowed to claim for costs for up to 60 days after the end of the project. However these must be incurred in relation to completing the final reports and cannot be research related.

Other European Funding

Please consult the relevant guidelines for your project as final reports can vary between different funding schemes.

Please contact your Departmental Research Contact in Research Finance if you have any questions about account closure.

Other European Pages

Section European Information Page
Explore How to find EU Research Funding
Plan Planning your European Application
Cost Costing Your European Project
Submit Applying for European Funding
Receipt of Award Application Success to the start of your European Project
Employ Employing People on European Projects
Manage Managing your European Project
Close Closing a European Project

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