Community-led local development strategies

1.   The relevant managing authorities shall ensure that each strategy referred to in point (c) of Article 31(2) sets out the following elements:
(a)
the geographical area and population covered by that strategy;
(b)
the community involvement process in the development of that strategy;
(c)
an analysis of the development needs and potential of the area;
(d)
the objectives of that strategy, including measurable targets for results, and related planned actions;
(e)
the management, monitoring and evaluation arrangements, demonstrating the capacity of the local action group to implement that strategy;
(f)
a financial plan, including the planned allocation from each Fund, and also, where appropriate, the planned allocation from the EAFRD and each programme concerned.
It may also contain types of measures and operations to be financed by each affected Fund.
2.   The relevant managing authorities shall define criteria for the selection of those strategies, set up a committee to carry out this selection and approve the strategies selected by that committee.
3.   The relevant managing authorities shall complete the first round of selection of strategies and ensure the local action groups selected can fulfil their tasks set out in Article 33(3) within 12 months of the date of the decision approving the programme or, in the case of strategies supported by more than one Fund, within 12 months of the date of the decision approving the last programme concerned.
4.   The decision approving a strategy shall set out the allocation of each Fund and programme concerned and set out the responsibilities for the management and control tasks under the programme or programmes.