Innovation Fund Small Scale Call 2022 - Financial Modelling, Business Plan and Audit Statement

The Innovation Fund Large Scale Call 2022 from CINEA includes the requirement to provide an Audit Statement. This Statement should confirm that the Relevant Costs calculation is consistent with the methodology in Annex B of the call text, that the data used in the applicant’s own financial model is consistent with the data used in the Relevant Costs calculation and that the underlying assumptions used for the Relevant Costs calculation are valid and in line with potential quotes or indicative contract terms received from contractors.

Horizon Audits is fully familiar with the methodology and the complexity of the Relevant Costs calculation and has issued several Audit Statements for Innovation Fund applications. Moreover, we have been involved in the evaluation of the Large Scale Calls 2020 and 2021 proposals as financial experts and therefore well aware of the main attention points, how to avoid the traps and ensure your proposal is highly rated.

Therefore, we are in an excellent position to advise on the preparation of the financial model, the Financial Model Summary Sheet and the development of the Business Plan or to provide the mandatory Audit Statement for your Large Scale Call 2022 application.

Did you know that...

A robust financial model is essential to prove the financial maturity of your project. Financial maturity is the main source of applications not being awarded an Innovation Fund grant. We have extensive experience with the financial models for the Innovation Fund as we have been involved as financial evaluator for Large Scale call applications and provided the Audit Statement for several applications.