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If our project is approved, when will we receive the Programme funding?

If our project is approved, when will we receive the Programme funding?

The finding is transferred to the lead partner after the reviewing the first report (and the lead partner is responsible for distributing it further between the project partners). There are no advance payments in this Programme, so the applicants have to be ready to invest their own resources and later get reimbursed for their eligible expenses after each reporting period. Reporting periods are with a duration of 3 or 6 months (decision has to be taken by the project after being approved), and processing of the partner reports and a joint progress report takes approximately 4 month (depending on the complexity and additional clarifications needed from the partners).

So the first payment to the project can be expected around 7 months after project start in case of 3 month reporting periods and in 10 months in case of 6 month reporting periods.  

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