Most grants do not provide all funding up front. Instead, payments are typically made in stages that align with the progress of the project. Some programs provide an initial payment after the funding agreement is signed, followed by milestone payments once certain activities are completed and verified. Other grants reimburse businesses after they have spent their own funds and provided evidence of expenditure. The specific payment structure depends on the design of the program and the risk profile of the funded activities. Programs that involve research, commercialisation, or large capital investments often include milestone based payments to ensure that the project is advancing as planned. It is important to review the funding agreement carefully to understand when payments will be made and what documentation will be required.
