Nordic Project Fund (Nopef)

Nopef- financing for feasibility studies for internationalization

The Nordic Project Fund (Nopef) is part of the organization of the Nordic Council of Ministers.

The specific aim of the fund is to strengthen the international competitiveness of Nordic enterprises by providing co-financing for feasibility studies that support export projects and the internationalization of Nordic enterprises. To this end, the fund works in cooperation with national, Nordic and international organizations.

Nopef finances feasibility studies related to green growth and sustainable development in a country outside EU/Efta for Nordic small and medium-sized companies (SMEs).

The feasibility studies should contribute to a direct or indirect environmental impact and an increased environmental awareness in the project countries and aim to assess the establishment of long term business operations in the project country.

Conditional loans

Nopef offers interest-free conditional loans of up to 40% of the approved feasibility study costs for a maximum amount of EUR 50,000 for establishing business operations in a specific project country outside the EU/EFTA area.

The conditional loan is wholly or partially converted into a grant following an approved final report. If the project results in a foreign business establishment or an investment, the entirety of the granted loan amount can be converted into support. If the projects is not realized, 50% of the granted conditional loan can be remitted.

To learn more about the eligibility criteria for Nopef’s conditional loans, please click here.

Asia: the largest receiver of Nopef’s financing

Out of Nopef’s current 144 active projects, 47 of them are in Asia. Of these, 23 are being implemented in China.

To read more about Nopef and how to apply for financing, please visit Nopef’s website.