Understanding Horizon Europe Mutual Insurance Mechanism (MIM)

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Horizon Europe
 
Mutual Insurance Mechanism (MIM)
Coordinators' Day – 04/10/2022
 
 
DG R&I.I2 - Designated service – Mutual Insurance Mechanism
Marijke E. Forsse Impens
 
1
 
 Coordinators’ Day 2022
 
(1) What is the MIM?
(2) When did it start?
(3) Why do we have a MIM?
(4) Who participates?
(5) Where is it?
(6) How does it work?
 
2
 
3
 
(1) What is the MIM?
 
 
MIM = Mutual Insurance Mechanism¹
 
¹ 
https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32021R0695&from=EN
(
REGULATION (EU) 2021/695 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 28 April 2021 establishing Horizon Europe – Art.37)
 
 
purpose
=
protect the financial interest of the EU Budget
 
4
 
(2) When did it start?
PGF 
FP7
Projects of the FP7
(Commission, Executive
Agencies & EUSPA)
2007-2013
PGF 
H2020
Projects H2020
(Commission, Executive
Agencies & EUSPA & JU)
2014-2020
MIM 
HE
Projects HE (Commission,
Executive Agencies &
EUSPA & JU + art. 185)
2021-2027
Ex-PGF/MIM
 
5
 
(3) Why do we have a MIM?
 
 
Simplification & Access SME/Start-up
 
Simplification 
 administrative management
SME/Start-up 
 no bank guarantee required
 
6
 
(4) Who participates?
 
 
Note: (a) refers to the decision establishing FP7, (b) refers to the decision establishing H2020 and (c)
refers to « funding bodies » which thus far were not covered by the MIM, but can be covered under HE
 
Any grant that was already covered by the former PGF
and HE grants which stipulate the coverage by the MIM.
 
7
 
(5) Where is it?
 
 
MIM daily management by Designated Service²
 
² RTD.I.2 – Finances, Public Procurement & Compliance
 
8
 
(6) How does it work³?
 
 
3 main activities:
Contributions
Reimbursements
Interventions
=
CRI
 
³ 
https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32021D1221(01)&from=EN
(
COMMISSION DECISION of 20 December 2021 on the financial management of the mutual insurance mechanism established under Regulation (EU) 2021/695
of the European Parliament and of the Council for actions under the Seventh Framework Programme, Horizon 2020, Horizon Europe and Euratom Programmes)
 
9
 
 
 
 
 
 
 
 
 
 
INTEREST
CAPITAL
CONTRIBUTION
5% Max. EU GA amount
Paid with 1
st
 PF
Interest generated from
the capital invested on
the financial markets –
MIM Asset Manager
(DG BUDG)
REIMBURSEMENT
(=release of the contribution)
ALWAYS
 at the payment of
the balance
Consortium
Budget Line
INTERVENTION MIM
Direct (under conditions)
 
 
 
payment to coordinator
 
 
 
purpose 100% accomplished?
Indirect (default)
 
 
 
budget line
 
 
 
purpose 100% accomplished
 
10
10
 
2 types of interventions
 
---
 
transfer of funds to
 
---
Direct (under conditions)
 
depending on timing
in the life-cycle project
(to pay for cost not incurred)
project on-going (i)
(i)
 
consortium agrees (ii)
 
amendment (iii)
 
 
 
 
 
 
 
Indirect (default)
 
any time during life-cycle project
 
 
 
 
 
 
 
 
 
 
 
 
 
11
11
 
---
conditions
 
 
 
 
 
 
supporting documents
 amendment
 c
opy bank statement
 court ruling or other (fin. stat.)
 
12
12
 
Thank you!
Thank you!
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The Horizon Europe Mutual Insurance Mechanism (MIM) is designed to protect the EU Budget by simplifying access and administrative management for SMEs and startups. It started in 2021, covering grants previously under PGF and HE grants. Participation includes grants under FP7, H2020, and other funding bodies. The MIM is managed by the Designated Service RTD I.2 and involves contributions, reimbursements, and interventions to ensure financial interests.


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  1. Horizon Europe Mutual Insurance Mechanism (MIM) Coordinators' Day 04/10/2022 DG R&I.I2 - Designated service Mutual Insurance Mechanism Marijke E. Forsse Impens 1 Research and Innovation

  2. Coordinators Day 2022 (1) What is the MIM? (2) When did it start? (3) Why do we have a MIM? (4) Who participates? (5) Where is it? (6) How does it work? 2

  3. (1) What is the MIM? MIM = Mutual Insurance Mechanism purpose = protect the financial interest of the EU Budget https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32021R0695&from=EN (REGULATION (EU) 2021/695 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 28 April 2021 establishing Horizon Europe Art.37) 3

  4. (2) When did it start? PGF FP7 Projects of the FP7 (Commission, Executive Agencies & EUSPA) 2007-2013 PGF H2020 Projects H2020 (Commission, Executive Agencies & EUSPA & JU) 2014-2020 MIM HE Projects HE (Commission, Executive Agencies & EUSPA & JU + art. 185) 2021-2027 Ex-PGF/MIM 4

  5. (3) Why do we have a MIM? Simplification & Access SME/Start-up Simplification administrative management SME/Start-up no bank guarantee required 5

  6. (4) Who participates? Any grant that was already covered by the former PGF and HE grants which stipulate the coverage by the MIM. Note: (a) refers to the decision establishing FP7, (b) refers to the decision establishing H2020 and (c) refers to funding bodies which thus far were not covered by the MIM, but can be covered under HE 6

  7. (5) Where is it? MIM daily management by Designated Service RTD.I.2 Finances, Public Procurement & Compliance 7

  8. (6) How does it work? 3 main activities: Contributions Reimbursements Interventions = CRI https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32021D1221(01)&from=EN (COMMISSION DECISION of 20 December 2021 on the financial management of the mutual insurance mechanism established under Regulation (EU) 2021/695 of the European Parliament and of the Council for actions under the Seventh Framework Programme, Horizon 2020, Horizon Europe and Euratom Programmes) 8

  9. INTERVENTION MIM CONTRIBUTION 5% Max. EU GA amount Paid with 1st PF CAPITAL REIMBURSEMENT (=release of the contribution) ALWAYS at the payment of the balance Interest generated from the capital invested on the financial markets MIM Asset Manager (DG BUDG) INTEREST Consortium Budget Line 9

  10. 2 types of interventions Indirect (default) Direct (under conditions) --- transfer of funds to budget line payment to coordinator --- purpose 100% accomplished purpose 100% accomplished? 10

  11. --- Indirect (default) Direct (under conditions) conditions any time during life-cycle project depending on timing in the life-cycle project (to pay for cost not incurred) project on-going (i) (i) consortium agrees (ii) amendment (iii) supporting documents amendment copy bank statement court ruling or other (fin. stat.) 11

  12. Thank you! 12

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