Deputy Minister for European Programmes, Alun Davies, has announced an independent review of the way Wales manages its European programmes.
The announcement was made in the assembly chamber on 3 July 2012.
According to Mr Davies, "this independent review will provide us with the opportunity to learn from our experiences in managing the European programmes so far".
Dr Grahame Guilford who has extensive business experience and is a long-standing and active member of the European partnership arrangements in Wales will lead the review.
He will focus on further simplifying access to funds, the use of procurement in project delivery, and maximising the role of the private sector.
The review will also address how best to integrate European funding programmes, including the use of a single e-business platform for customers to manage their funding, common eligibility rules, and inspection, financial monitoring and payment systems.
It will be split into two parts and will coincide with a full public consultation on the new programmes later this year before formal negotiations begin with European Commission in mid 2013.