FAQ
When will the grant be paid?
When will the grant be paid - immediately after approval of the project, this means before its implementation, or after it has been made?
On operational programs, firms whose projects are approved may obtain an advance of up to 20% of the approved grant. The remaining funds are paid in stages. For this purpose, companies must prove the underlying project costs made with the relevant supporting documents.
Can I get an advance and then get the grant in instalments?
Yes, you can get up to 20% advance and the rest could be paid in instalments But you need to give a bank guarantee for the advance and for the consequent instalments. For example, if the whole business plan is for a EUR 100,000 worth project, 20% of it is EUR 20,000 and you need to give a bank guarantee for EUR 20,000.