One of the important decisions to make in the final stage of the Grant preparation process is when to start your EU project.
There are many factors to consider in choosing a date that will facilitate recourse allocation and help streamline your usual business activity with the start of your project.
The EU Commission offers two available options to choose from:
- The default date is the first day of the month following the date the Grant Agreement is signed by all parties including the Commission.
- A fixed date is established by the consortium and approved by the Commission.
Certainly, both options have pros and cons and it is the responsibility of each consortium to evaluate these factors and make the decision.
By default projects start on the first day of the month, however if the consortium requests a different date and can justify the reason, the Commission may agree to fix the start for another day.
One of the most important factors to keep in mind is that if the consortium requests a starting date before the entry into force of the Grant Agreement, it assumes the risk of not being reimbursed for the costs incurred if the proposal is not successful or if the GA is finally not signed.
The fixed starting date option might also have an impact on the timing of the pre-financing payment, since the consortium might not receive the first installment of the grant before starting the project.
If you have doubts, please contact our consultants at firstname.lastname@example.org