2000-2006 Western Scotland Obj2 and URBAN II Programmes

Programme Management Subscriptions

Funding for SEP Ltd comes from two sources:

• Technical Assistance from the Programmes which have to be match funded; and
• Voluntary contributions from the partnership constituting this necessary match funding.

The SEP Ltd Board of Directors is required to produce a Business Plan in which it sets out its operating budget across the Programming period and determines the forecast income from both Technical Assistance and partnership contributions. This Plan is subsequently approved by the Programmes’ relevant decision making bodies in order to release Technical Assistance. Annual Operational Plans are also approved and establish the annual performance indicators and targets.

The SEP Ltd budget for each year is based on providing a level and quality of service and support to Project Sponsors. This service quality is regularly reviewed through Programmes’ evaluations and dedicated partnership surveys. Consistently assessments have been very favourable and highlight the level of added value provided by SEP Ltd and value for money against national and international benchmarks.

Invoices for partnership contributions (currently 1.75% of total the ERDF/ESF grant approved plus VAT) are issued to Project Sponsors following the approval of each project and due for payment within 28 days of receipt.

These contributions are not eligible for European Funds assistance and under no circumstances should the contribution be included within the eligible costs of an approved project.

Should you have any queries please do not hesitate to catherine.ross@wsep.co.uk, tel 0141 572 4462 or lynne.lauder@wsep.co.uk, tel 0141 572 4464.