What happens between the submission of the application and the Monitoring Committee (MC) decision? What kinds of costs are eligible?
The period between submission of the application form and the MC decision day is part of the project preparation phase. During this period the costs of the first three budget lines are eligible if the MC decides to fund the project from the Programme. For example, it may happen that an external expert is working until the day of the closure of the call and submits the invoice only a week later. Or the lead applicant is optimistic about the approval and starts preparation of the project start. It is recommended to do so in order to enable a quick start directly after the MC decision.
Related Questions
- Can a project that begins construction before the submission of an application or during the application process be eligible for a loan guarantee?
- What happens if the eligible grantee does not submit a completed application within the timeframe allotted?
- How long does it take for the Application Review Committee to reach a decision on my application?
