Seed Money Facility

The purpose of the Fund is to support development of individual projects ideas in the priority areas of the EEA Financial Mechanism and the Norwegian Financial Mechanism and to establish new partnerships for the purpose of designing new projects, with the overall objective of strenghtening the quality of project application within the priority areas and facilitating access to the funds provided by the mechanisms. Reference is made to the application, dated 1 August 2006, and correspondence with the Focal Point on 4 September 2006 and 19 September 2006. The completed Fund shall include the following activities and results: Administering the re-granting of funds, including monitoring and financial control. Publicity measures aimed at increasing public awareness about opportunities to apply for funds from EEA Grants. The Intermediary is the Society Integration Foundation. The Latvian government shall provide at least 15 percent of the estimated eligible project cost.