The 2007 FP7 Monitoring Report is the first one based on a completely new approach: It is designed as an internal management tool, based on a coherent system of indicators. The present is thus intended to be a first of a series of annual reports, all structured along the same principles and thus allowing for the first time a kind of longitudinal analysis of the FP7 implementation.

Some statistical data about the first year of FP7: 

* For calls launched in 2007, some 23.000 applications were received and some 2.800 proposals finally retained.
* Proposals retained included some 19.500 applicants and requested Community funding of € 5,7 billion.
* 10% of these applicants in retained proposals are located in the new Member States.
* In terms of funding, the Russian Federation, India, China and the USA are the "Third Countries" that benefit the most from the FP.
* About 19% of the project contact points (team leaders) are women.
* 96% of the evaluators found the quality of the FP7 proposal evaluation they attended "Satisfactory" to "excellent", 91% judged it "similar" or "better" than national proposal evaluation exercises they attended.
* Only 0,045% of proposals had to be re-evaluated following the newly introduced redress procedure.
* Time to grant is overall still in a range between 10 and 12 months.
* 245 ethical reviews were launched, with no project being stopped.
* NCPs recognise a considerable progress in simplification from FP6 to FP7.
* New rules in FP7 will lead to a 90% reduction for the number of ex-ante financial capacity checks as well as for the number of audit certificates required.