How much will be the overall budget for the new KIC be and what will be the co-funding rate throughout this period?

Answer: 

10 % of EIT budget 2021-2027 (approx. EUR 2.9 billion) will be dedicated to the EIT’s new Knowledge and Innovation Communities for CCSI (2021) and water (2026).

In line with the funding requirements of the EIT SIA 2021-2027, new KICs can expect a funding rate up to 100% in years 1-4, up to 80% in years 5-7 (this is applicable at portfolio level).

Additionally, some activities can be funded up to 100% irrespective of KIC operating year.