As a reminder, Refashion can provide financial support up to a maximum of 50% of the total cost of the project.

Financial support is granted on a tax-free basis, i.e. net of all taxes, including VAT.

The payment schedule is determined in consultation with the project owner and Refashion at the agreement stage. Payment of approved support is made according to the payment schedule, upon validation of deliverables and presentation of proof of expenditure.

For selected projects, Refashion makes an initial payment of up to 30% of the total amount of approved support to cover initial project expenses. The agreement also provides for a minimum payment of 30% for the closing meeting.