But initial signs are that things will not work to schedule. The EC missed its target date for signing grant agreements – offering that the 1 April start date could remain, but with the pre-financing delayed until the agreements are signed. History suggests that final payments will also arrive late. As we have mentioned at other times, the grant agreement says that the aim of the pre-financing is to provide the beneficiary with a float. Let’s hope they can hold their breath!
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