Bank Gospodarstwa Krajowego

(BGK): the state development bank. In 2007-2013 financial perspective BGK acted as the Holding Fund Manager for 7 JEREMIE schemes, Financial Intermediary (Urban Development Fund) for 3 JESSICA schemes and Holding Fund Manager for pilot scheme for social enterprises support. In current perspective BGK is the key player in financial instruments, acting as Fund of Fund Manager (in national and regional operational programmes), and as body implementing portfolio guarantee schemes.