Due to the nature of the funding in Stage 3, which is based on incurred costs, the application and reporting are done simultaneously. Recipients must provide an additional final grant report confirming previously reported data in Stages 1 and 2 and final use of funds in Stage 3.
Grant recipients must maintain detailed information on specific accounting data for projects supported by the maintenance and ramp-up stage (e.g., breakdown of amounts spent for each type of expenses, by project). Grant recipients will have to maintain this information on record for a period of at least five years (until 2025-26), for financial monitoring and auditing purposes.