The BSAP Trust Fund is a fund managed by NEFCO and the Nordic Investment Bank (NIB). The fund provides grants for technical assistance to projects that support the implementation of the HELCOM Baltic Sea Action Plan (BSAP). The aim of the BSAP is to help restore the ecological status of the Baltic Sea.

Recipients eligible for financing through the BSAP Trust Fund include both public and private entities operating in the agricultural and wastewater treatment sectors, as well as those working to reduce hazardous waste in the Baltic Sea catchment area. A key purpose of the
fund is to facilitate and speed up the preparation of bankable projects. The fund provides grant financing for the following:

• expenditures for project preparation and development,
including feasibility studies, development of
business ideas, and cash-flow models;

• technical assistance for institutional support, that is,
training and support needed for project preparation,
development and implementation;

• improving efficiency and quality in project implementation
through, for example, supporting the
acquisition of equipment for demonstration purposes.

The aim of the fund’s activities is also to enhance the opportunities for projects to obtain investment financing from international financial institutions, including NIB and NEFCO.

Speeding up BSAP

The Baltic Sea Action Plan was adopted by the HELCOM member countries (Denmark, Estonia, Finland,Germany, Latvia, Lithuania, Poland, Russia and Sweden) in 2007. The aim of the plan is to restore the good ecological status of the Baltic marine environment by 2021.

To speed up the implementation of the plan the BSAP Fund was set up in 2009. NIB and NEFCO, both having a long-term engagement in the Baltic Sea region and strong environmental mandates, are joint managers of the fund. Sweden has committed SEK 90 million (EUR 9 million) to the BSAP Fund and Finland EUR 1.6 million.

For enquiries or additional information, please contact:

Solveig Nordström, Vice President, e-mail: solveig.nordstrom@nefco.fi, tel. +358 50 5900428

Learn more about NEFCO's previous wastewater treatment projects 

Read about Finland's additional contribution to the BSAP Trust Fund

Learn more about the Nordic Investment Bank

Learn more about the Baltic Marine Environment Protection Commission