The overall budget of the project is 2.24 mil €. Of the total amount, the European Union contributes 75%, the Prince Albert II of Monaco Foundation 18% while the rest 7% is the contribution of the project’s partners.
The LIFE programme
The LIFE programme is the EU’s main funding instrument for the environment. The general objective of LIFE is to contribute to the implementation, updating and development of EU environmental policy and legislation by co-financing pilot or demonstration projects with European added value. EU financial assistance for nature conservation was first made available in the early 1980s, following on initiatives dating back to the 1970s. From 1972, measures to limit pollution and improve waste management were adopted. Then, 1979 saw the adoption of the Birds Directive, hailed by Birdlife International as ‘one of the soundest pieces of bird conservation legislation worldwide’. The recognition of the importance of providing financial assistance for habitat protection was taken forward in 1982 when the European Parliament succeeded in introducing a small budget line for nature conservation, enabling financing of a dozen or so projects. LIFE began in 1992 and to date there have been four complete phases of the programme (LIFE I: 1992-1995, LIFE II: 1996-1999, LIFE III: 2000-2006 and LIFE+: 2007-2013). During this period, LIFE has co-financed some 3954 projects across the EU, contributing approximately €3.1 billion to the protection of the environment.
Prince Albert II of Monaco Foundation
In June 2006, HSH Prince Albert II of Monaco decided to establish his Foundation to address our planet’s alarming environmental situation. The Prince Albert II of Monaco Foundation is dedicated to the protection of the environment and the promotion of sustainable development on a global scale and supports actions based on three pillars in order to limit the effects of climate change and promote renewable energies, safeguard biodiversity and manage water resources and combat desertification. Prince Albert II of Monaco Foundation is a major co-financier of the “CYCLADES LIFE” contributing 18% of the project’s total budget.
The Green Fund
The Green Fund’s goal is the support of growth through environmental protection as well as the enhancement of the environmental policy of Greece and of the overall public interest.