Pre-financing

November 19th, 2007 — fp7discussion

The new Financial Guarantee Scheme is FP7 seems to be a good thing. But if the Commission keeps back 5% of the fuding, that presumably means we get only 75% up front, not 80% as before. So then we have a potential cash-flow problem in the project. Is that right? Or have I misunderstood it?

Posted in Differences between FP6 and FP7, Financial viability, guarantees. 3 Comments »