Application process
Applications are submitted electronically through My BHM (Mínar síður). Grants are usually disbursed on Thursdays.
Is the project eligible for a grant?
You submit an application for the project to check its eligibility. You don't have to pay anything beforehand, just include all the documentation about the project.
Can I make two applications for one project?
Yes, let's say that you apply for a grant for a conference trip abroad, where the conference fee and flight costs are paid before leaving, but the accommodation costs are not paid until you arrive at the hotel. You can then apply for a grant for the conference fee and flight costs in the first application so that the grant can be disbursed for that amount. Once the accommodation costs have been paid, you make a new application. That application does not have to be as detailed, just write in the application description that it is the second half of the previous application.
Application process
The Fund's staff processes applications according to the Fund's Rules of Allocation. Applicants receive a notification as to whether their application is accepted or not, and what documents are needed to disburse the grant.
If a Fund member is dissatisfied with a Fund employee’s decision regarding a grant application and supporting documents, they shall always have the right to refer the application to the BHM Vocational Education Fund’s Board again for review and processing. The Board meets once a month.
Documents
Documents are submitted to the Fund through My BHM (Mínar síður). Grant amounts correspond with submitted invoices and payment confirmations. Grants are only disbursed for invoices that are on the name of the applicant. E-tickets from airlines and booking confirmations are not considered valid proof of payment.
If a grant is sought for an organised professional visit or excursion, the applicant must provide confirmation of attendance in addition to the presentation of an invoice. The confirmation shall be in the form of a participation list and/or a signed letter from the supervisor or overseer of the excursion, confirming the participation of the person in question. Also enclosed shall be a detailed program describing the professional part of the excursion and specifying the places visited, what material is presented at each location and the relevant times.
Grant disbursement
BHM's Vocational Education Fund disburses grants weekly. The Fund reserves the right to flexibility in the disbursement of the grant. Fund members are responsible for submitting relevant documents to the Fund.
The Fund Member is responsible for submitting the required documents to the Fund within 12 months of the application's acceptance.
When does the grant renew?
The disbursed amount is renewed 24 months after the disbursement date of each application.
Example: Fund member gets disbursed a grant of 50.000 kr. on November 1st, 2023. On November 2nd, 2025, 50.000 kr. is renewed in the fund.