Bio-based Industries Joint Undertaking: financial contributions
01020304
With the European Parliament.
Last active 24 Oct 2017
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What this bill does
In plain terms: what it changes and who it affects.
This proposal lets bio-based industry members make required cash contributions directly to funded projects, rather than only through the joint undertaking.
Who it affects
It affects companies in the Bio-based Industries Consortium, project participants, SMEs, universities, and research organisations in EU bio-based industry research and innovation projects.
Core of the proposal
- Allows BIC constituent entities to make financial contributions, not only BIC itself.
- Keeps the minimum industry financial contribution to operational costs at EUR 182.5 million.
- Permits contributions either to the BBI Joint Undertaking or directly to funded indirect actions.
- Enables project-level contributions to be reported to the BBI Joint Undertaking.
Key provisions
- Takes effect
- It enters into force on the twentieth day following publication in the Official Journal of the European Union.
Articles changed · 2 across 1 law
- Council Regulation (EU) No 560/2014 (32014R0560)
- art. Annex, Article 12(3)(b): replaces point (b) on financial contributions by non-Union members or constituent entities
- art. Annex, Article 12(4): replaces paragraph 4 on minimum financial contributions and permitted payment modes
Latest update
26 May 2026The most recent development in this bill's progress.
Moved to European Parliament
Documents
3 recentSourcesOEIL