The meaning of the Ultimate Beneficiary encompasses that agency which holds the ultimate responsibility for the project’s implementation (i.e. signature of Agreements, repayment of Accounts, etc.).
In order for the Ultimate Beneficiary to receive co-finance from the Operational Programme it should be expressly cited in the Planning Supplement as the potential Ultimate Beneficiary, otherwise it cannot participate in the measure’s implementation under the capacity of the Ultimate Beneficiary.
Ultimate Beneficiaries are sub-divided in 4 main categories:
- The Greek State (Ministries – Regions)
- Public Law Bodies Corporate that are subject to the Ministries and Regions
- Public Law Bodies Corporate supervised by the Greek State, the municipal enterprises, institutions, etc.
- Local Government Organizations of the 1st and 2nd Degree.