EEA and Norway Grants | Lost Millennials

The EEA and Norway Grants are funded by Iceland, Liechtenstein and Norway. The Grants have two goals – to contribute to a more equal Europe, both socially and economically – and to strengthen the relations between Iceland, Liechtenstein and Norway, and the 15 Beneficiary States in Europe.

The objective of the Grants is to reduce social and economic disparities and strengthen bilateral relations. This strengthens the internal market, leading to a more prosperous Europe.
The contribution of each country is based on their economic size. This means that Norway funds approximately 96% of the EEA Grants, Iceland 3% and Liechtenstein 1%. The Norway Grants on the other hand are financed by Norway alone.
All 15 beneficiary countries receive support from the EEA Grants. The Norway Grants are limited to the 13 countries which joined the EU after 2004.

You can find more information here!