The aim of annex 4 is to get detailed and structured information on good practices identified within INTERREG IVC projects.

Since this information

will directly feed into an on-line good practice database to be made available on the programme website, we would be grateful if you could ensure
the good quality of the information provided. In particular, this information should be well written and easily understandable for external readers.
One good practice can be described per form. There is no limit on the number of good practices that can be submitted, but a minimum of four
good practice descriptions are required over the project's lifetime. Annex 4 is submitted together with the progress reports. N.B. See Programme
Manual section 1.1 for the programme's definition of a good practice
ANNEX 4: DESCRIPTION OF GOOD PRACTICE 1

1. PROJECT INFORMATION
1.1 INDEX 0787R2
1.2 PROJECT ACRONYM DSTRCT+
1.3 PRIORITY 1: nnovation and the knowledge economy
1.4 PROGRAMME SUB-THEME nnovation, research and technology development

2. GOOD PRACTICE INFORMATION
2.1 TitIe of the practice Lower Silesian Trust Fund (LSTF)
2.2 Topic of the practice nnovative financial products
Please specify the precise topic of
the practice in a few words (e.g.
support to SMEs, demographic
change, e-governement, risk
management, water scarcity,
renewable energy).
2.3 Location of the practice Country POLSKA
NUTS 1 POLUDNOWO-ZACHODN
NUTS 2 Dolnoslaskie
City Wroclaw
2.4 Start date of the practice
(and if applicable, end date)
Start 01/01/2009 End
2.5 DetaiIed description of the practice
Please provide a detailed description of the practice itself. The description should include information on the nature of the practice, its
objective, the main stakeholders involved (including the beneficiaries) and the financial resources required for its implementation. If known,
please also indicate key success factors and conditions for potential transfer.
Lower Silesian Trust Fund (LSTF) is a project implemented under the JEREME initiative at regional level. Mechanism of action of nitiative
departs from the traditional grant support of financial instruments for the renewable mechanism (credits, loans and guarantees for
companies and also other equity instruments). JEREME is designed to complement missing gaps in the economy of Lower Silesia within the
scope of activity of micro, small and medium enterprises which are in the first stage of development. The mission of the JEREME initiative is
to provide investment capital for these entities, which for various reasons do not have access to bank credit lines, including start-ups or have
no credit history and collateral of sufficient value.
One of the major barriers to development of micro, small and medium enterprises is the difficulty in obtaining external funds for financing
investments. Many companies are not able to meet the criteria for banks to obtain credit or a loan, because, for example, they operate on the
market for a short period of time. Lower Silesian Trust Fund is to support such companies and by means of financial instruments (credits,
loans and guarantees for companies and also other equity instruments) support the market of enterprises in the region of Lower Silesia.
The creation of the Lower Silesian Trust Fund, management of which was taken by Bank Gospodarstwa Krajowego (National Economy Bank)
is to contribute to a more effective distribution of EU funds in the form of renewable financial instruments.
2.6 Evidence of success
Please provide a detailed description of the practice itself. The description should include information on the nature of the practice, its
objective, the main stakeholders involved (including the beneficiaries) and the financial resources required for its implementation. If known,
please also indicate key success factors and conditions for potential transfer.
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As a result of competition for the implementation of the project "Lower Silesian Trust Fund" the Board of the Lover Silesian Voivodeship has
selected a proposal from Bank Gospodarstwa Krajowego for funding. The total project value amounts to PLN 406 138 958,65, and the value of
the grant (eligible expenses equal to UE funds, under the European Regional Development Fund) to PLN 405,732,727.65 (99,273,973 Euro).
2.7 Contact detaiIs to obtain further information on the practice
Name Marta Kuczynska
Organisation Bank Gospodarstwa Krajowego
E-mail marta.kuczynska@bgk.com.pl
Website www.dfp.info.pl
2.8 Annex compIeted on
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