Apply for funding

Apply for funding from Nopef

Get to know Nopef's financing opportunities

2. Call us or fill in our contact form to discuss your project

3. Fill in Nopef’s application form in English, Danish, Norwegian, Swedish or Finnish

4. Send the application together with the latest annual accounts and attachments to



Application deadlines

Spring 2019

1 February
15 March
26 April
24 May

Autumn 2019

16 August
20 September
25 October
29 November

The processing time for a complete application is usually 5-6 weeks from the dates above.

The Nopef credit committee is considering applications according to the assessment criteria, which have been confirmed in the fund’s guidelines and within the scope of available funds. If needed the application will be submitted to the fund’s steering committee for final approval. Applying companies can only have one application under assessment and not more than one active project at a time.

The feasibility studies shall contribute to a reduced environmental impact

Nopef finances feasibility studies for projects and investments which contribute to energy efficiency, reduced use of resources, development of sustainable energy and innovations within the areas of environment and climate.

Read more under the section Nopef’s environmental focus »

Project follow-up

During the project time frame, the borrower must report to Nopef every sixth month with written status reports.

Loan disbursements are made against realised feasibility study costs. In order for a disbursement to be made, Nopef must receive the completed and signed cost accounts form that has been controlled by the company’s auditor. In addition, Nopef must have received a status report covering the time period corresponding to the cost accounts statement.

The loan can be terminated after an approved final report is received. The paid out part of the loan is then remitted.

Project reporting

The loan borrower is obligated to report the project development to Nopef at least every sixth month as calculated from the decision date, and if there are any significant changes to the original plan. Nopef’s form for reporting can be found beneath under the section Forms.

Status reports
The status report must describe how the feasibility study has progressed and the future phases of the feasibility study. The status report does not need to be followed by a cost accounts form if a disbursement is not requested.

Final report
Nopef’s loan can be terminated once the final report has been approved by Nopef. The final report must summarise the feasibility study work and report the project results.

Disbursement of the conditional loan

Disbursement of a granted conditional loan is made against feasibility study costs already incurred by the company. All costs must be related to the project stated in the loan agreement. Upon payment, Nopef can cover up to 40% of approved and audited feasibility study costs.

Support from Nopef is disbursed in accordance with the de minimis regulations and provided that the total amount per recipient does not exceed EUR 200,000 over a period of three tax years. The granted loan can be paid in one or several tranches. Over the course of the project, a maximum of 50% of the granted loan amount can be disbursed out based on received cost reports controlled by the companys auditor.

If the project is realised the remaining part of the granted loan can be disbursed after the final report has been approved and subsequently remitted, i.e. converted into support.


Nopef’s conditional loan is converted into a grant, either partly or in its entirety, following an approved final report.

If the project is realized, i.e. has led to the establishment of a company or comparable long-term investment in the project country, 100% of the granted loan can be remitted. If a company establishment has not occurred, 50% of the granted loan can be paid out and converted into support.

Nopef’s credit committee or steering committee determines if the project has been realized or not, and the loan is converted into a grant on the basis of the received final report and documentation that confirm the establishment in the project country.

Upon disbursement:

  1. The costs should be summarised on Nopef’s form for cost reporting. You can download the form beneath.
  2. Reporting must be approved by the company’s authorised auditor. Refer to the instructions for reporting costs and auditing.
  3. Nopef must have received a written statusreport covering the reporting period in question.
  4. For conditional loans granted before 2016, Nopef must have received a signed statement of previously-received de minimis support. The statement can be downloaded here.


Status and final reporting
Instructions for cost accounting and auditing
Cost accounting form
Declaration on de minimis aid
Nopef's guidelines