With capital of approximately EUR 114 million, the NEFCO Investment Fund aims to promote financially viable environmental projects. These are defined as projects that contribute to the improvement of environmental conditions in the region while generating sufficient revenues to cover their costs. Priority is given to projects that have substantial regional effects: for example, reducing pollution in the Baltic Sea and the Barents Sea, or reducing transboundary airborne pollution. The Investment Fund enables NEFCO to provide share capital to help achieve the necessary financial base to get a project off the ground. The Fund also provides mediumand long-term loans and guarantees, and can arrange subordinated loans and loans with equity features.

• Financing viable investment projects with a positive environmental effect
• Mainly focused on small and medium-sized projects
• Risk capital financier (equity investments, loans, guarantees)
• Total funds EUR 113.4 million
• Countries of operation:
  Northwest Russia, Ukraine and Belarus
  Estonia, Latvia and Lithuania