What is the ERC (European Research Council)? Find more information here:

-ERC website
-Euresearch: the Swiss guide to European research & innovation

Q: How can the funding be used?

ERC grants cover up to 100% of the total eligible costs which can be attributed directly to the project, such as personnel costs (salaries of the team leader and team members), consumables, travel and subsistence costs, publication costs and Equipment and depreciation costs. In addition, ERC grants include a 25%-flat-rate (excluding costs on subcontracting) covering indirect costs, i.e. cost related to the administrative support of the hosting institution or costs incurred through the allocation of work space and equipment, etc.