The modality of aid of repayable advance with the ERDF, or abbreviated “ERDF advance”, consists of the initial granting, by the granting body, of a loan at zero per cent of interest, which will be amortized ex officio from the aid coming from the ERDF once the realization of the project object of aid is justified, in the terms required by the European regulations of that Fund.
The accounting of the ERDF advance must be carried out by each beneficiary operator, in accordance with the accounting principles that apply to it, as an income of funds whose counterpart is a debt. Later, once the ERDF aid has been received from the European Commission and informed that this advance has been cancelled, it must be counted as an aid received from the European Union and cancel the corresponding debt.