Appropriate own resources Sample Clauses

Appropriate own resources. Use of third party resources The beneficiaries must in principle have the technical and financial resources needed to carry out the action themselves. The resources must be available at the moment of the implementation of the work (but not necessarily at the moment of submitting the proposal or signing the GA). However, in these last two cases, beneficiaries must show in the proposal how the resources will be made available when they are needed. Example (acceptable): Start-up company with no resources at the time of proposal submission, but with a credible business plan described in the application. Example (acceptable): SME which, if successful, intends to double its capacity/staff. Example (not acceptable): Consultancy company which submits a proposal where the majority of the work is subcontracted. As an exception, beneficiaries may purchase goods, works or services (see Article 10), use in-kind contributions provided by third parties (see Articles 11 and 12) or call upon subcontractors or linked third parties to carry out work under the action (see Articles 13 and 14) (‘third party resources’).