EST Advance Payments
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Year 1 payment
The acceptance of Year 1 costs statement has resulted in a subsequent payment amounting to 450.051 Euros, detailed hereafter.
Supporting documentationincludes:
- Table of distribution
- Summary Financial report
- Participant-Finance-Sheet-Y1
Pre-Financing No 1
A pre-financing payment equating to 53.33% of the total budget for the project was released from EC to EGI. From this, EGI is required to place 5% (of the total budget) in a Participant Guarantee Fund account managed by the European Investment Bank. When the project completes, this 5% will be returned to the participants with the final payment.
Table of prefinancing payments for the e-ScienceTalk beneficiaries
The subesequent payments will be processed after the acceptance of the annual financial reports and up to the total funding available for payment (usually 85%).