On April 1st, 2025, the European Commission published the long-awaited Version 2.0 of the Annotated Grant Agreement (AGA) – the primary guidance document for the financial management of EU-funded projects.
This updated version reflects the new EU Financial Regulation (2024/2509) and introduces critical clarifications that directly impact beneficiaries, financial officers, project managers, and auditors across all major EU funding programmes.
Key Highlights from AGA V2.0:
Article 6: Clarified rules on eligible personnel costs, travel, accommodation, and subsistence, including new unit costs and ceilings
Articles 20–22: Strengthened guidance on record-keeping, reporting requirements, and payments
Articles 23–28: Updated notes on audits, cost rejections, grant reductions, and certifications
Articles 14–15: New content on ethics, EU values, and data protection
Programme-specific annotations for Horizon Europe, Erasmus+, CEF, LIFE, and more
This new version of the AGA becomes the core reference document for the interpretation and application of financial rules in all new projects starting from mid-2025 onwards.
Our Training Course Now Fully Updated
Our flagship course, “Financial Administration & Auditing Preparation for EC Funded Projects”, has been fully revised to reflect the changes in AGA V2.0.
This hands-on training offers:
✅ Expert interpretation of the latest rules
✅ Practical application through real-life scenarios
✅ Full alignment with the new obligations introduced by the 2025 version
This course is essential for anyone involved in the financial and administrative management of EU-funded actions – from accountants and controllers to project leaders and auditors.
