1. 1 Conclusions of Workshop 1: Monitoring and evaluation (M+E) financial engineering instruments for SMEs Fifth Plenary Meeting JEREMIE Networking Platform Brussels, 20 May 2011 DG REGIO D3 - Financial engineering, major projects Joanna Mouliou & Welsh European Funding Office, Managing Authority, Geraint Green

2. 2 THE FUTURE FOR "M+E" Cohesion Policy will focus more on performance for the next programming period (2014+), Monitoring and Evaluation systems need to be strengthened along Europe for both accountability and learning, Programmes with a clear identification of objectives and concentrated on a limited number of activities are needed.

3. 3 Conclusions (1) local and project specificities Attracting SMEs and Financial Intermediaries at national and regional level can be complicate for small regions, Lack of consistancy about the reporting requirements accross projects and regions, Comparing outcomes and performance across regions is not feasible as the partners involved (MA, HF, FI) have different scales of operation, functions & activities, Difficulty to assess the quality of data.

4. 4 Conclusions (2) needs Relevant and precise definitions and indications of the sources of data, A limited number of indicators, The Commission should set up Common Output indicators (discussion in the next meeting), Cautiosness about the retrospective implementation on requirements (we can not ask for data which is not included in the initial agreement).

5. 5 Conclusions (3) administrative systems flexibility Attract private partners through a more flexible administration system tackling administrative burdens and bottlenecks – all presentations, using a flat management fee, assist in dealing with complicated state aid rules applied to the FEIs. Establish a dialogue between MAs and FIs in order to make the administrative system more flexible in the next Programming Period (FIs decline participation because of administrative burdens which raise high for them)

6. 6 Need for a flexible approach All phrases can be replaced with your own text. Need for specific guidelines with precise glossary for definitions SET UP OF AN EFFICIENT M+E SYSTEM Need to strengthen the role of the JEREMIE NP for exchanging information Need for a monitoring template exercise to define the appropriate steps Need to reduce administrative burdens and bottlenecks, which can discourage potential Financial Intermediaries Need for DIALOGUE