Regarding the possibility of a pre-financing payment, what are the specific requirements for the “adequate financial guarantee”? Are there alternatives to standard bank guarantees for small organisations?

Pre-financing is possible but subject to an adequate financial guarantee, typically in the form of a bank guarantee. However, ERR will apply flexibility for less-structured applicants, potentially exploring alternative arrangements depending on the applicant’s profile. This may include staggered payments or other forms of assurance to mitigate financial risk.