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EST Advance Payments

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Advance payments


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%).