In the context of programming of the European Structural and Investment funds 2014-2020, this paper aims to highlight the positive aspects of the application of financial instruments to be use in substitution of classical subsides. The authors present the case study of ex ante evaluation of the Revolving Fund of the Autonomous Region Friuli Venezia Giulia in the Rural Development Programme 2014-2020. The evaluation was carried out in the last half of 2015. In the article are listed, starting with the reference context and the specific evaluation questions, methods and analytical techniques used to get to demonstrate the validity and use of the opportunities of Financial Instrument.
Keywords: Financial instruments, Ex ante evaluation, Rural development, Leverage, Value added.