The Nordic project fund (Nopef) was established by the Nordic countries in 1982, with an aim to strengthen the competitiveness of Nordic companies through support for internationalisation feasibility studies. Nopef currently funds feasibility studies related to green growth for Nordic small and medium-sized companies (SMEs) and administers a portfolio of 150 active projects. Nopef is administered by the Nordic Environment Finance Corporation (NEFCO) and is financed through an annual budget from the Nordic Council of Ministers.
The aim of the fund is to strengthen Nordic companies’ international competitiveness by part-financing feasibility studies which contribute in promoting the internationalisation of Nordic companies. To achieve this aim, the fund collaborates with national, Nordic and international organisations.
Nopef supports feasibility projects which have major opportunities for commercial realisation, and we prioritise projects that promote green growth and sustainable development. The feasibility studies will contribute to direct or indirect environmental impact and an increased environmental awareness in the project countries.
To date, Nopef has granted over EUR 100 million and has part-financed over 2,800 feasibility studies.