MANAGING EFFECTIVENESS OF EU FUNDS OUTPUTS: LESSONS LEARNED FROM PERIOD 2007-2013

Main weakness of EU-funded projects could be seen in a support of European policies in achieving their overall goals. These indicators are mostly connected with entrepreneurial activity and their innovative spirit which have an influence on local society behaviour and the real outputs of Operational Programmes as whole. In such context, this paper aims to evaluate real effectiveness of financial support from European Social Fund in 2007-2013 in chosen regions (Moravian-Silesian, Plzen, Hradec Kralove and Usti). The analysis will be done in two independent layers, primarily from data collected from beneficiaries, secondly in comparison of regional socio-economic indicators. The 3E method was used to evaluate selected programme's effectiveness. Finally, Social Return on Investment indicator (SROI) was used in modified version to be able to resume financial returns of those programmes. Community-Led Local Development planning within EU region is one of requirements in area of recommended programme indicators.