Article 2
Maximum amount per project and eligible expenses The Community contribution is intended to cover some of the expenses incurred in setting up a joint venture. The maximum contribution per project shall be ECU 100 000 covering: (a) up to 50 % of the eligible expenses, with a maximum of ECU 50 000; (b) up to 10 % of the total amount of the investment made. Eligible expenses for the purposes of point (a) are those related to the conception and setting-up of a transnational joint venture created by European SMEs, as defined in Annexes II and I respectively. They include the expenses specified in Annex III and any other expenses which are essential for the setting-up of the joint venture.