Scaling up Nordic green solutions on global markets
NEFCO can provide loans or equity-type funding to Nordic companies for green investments on global markets, in countries outside its core countries of operation.
The purpose of this financing scheme is to facilitate investments in green solutions and technologies with up-scaling potential and demonstration value on international markets where Nordic companies have identified the best opportunity for market growth, international expansion, and a high probability of project realisation.
Financing under this scheme is offered to Nordic Small and Medium-Sized Enterprises (SMEs) and midcap companies for investments in a subsidiary or an affiliated company that will be established or is already operating in an eligible project country. In certain cases, large Nordic companies can also be considered for funding. Typical funded projects could relate to green investments in facilities, machinery, equipment or technology needed for production or business development in the project country.
The maximum financing under NEFCO Global is normally EUR 2.5 million. The funding is provided as loans on market terms, but equity-type investments can also be considered.
Who can apply for funding?
Nordic SME and midcap companies providing environmentally sustainable products or services, and having at least three years of operational history and planning an international investment can apply for funding.
The project to be funded shall be located outside our core countries of operation (Armenia, Belarus, Estonia, Georgia, Latvia, Lithuania, Moldova, Poland, Russia and Ukraine). Priority is given to projects that have a high demonstration value in the targeted project country and where the provided green solutions have a substantial upscaling potential.
NEFCO requires borrowers to meet reasonable financial criteria, but the primary focus is on the positive environmental impacts of the project. In addition to the environmental aspects, we always examine the technical feasibility and financial profitability of all financed projects.
How to apply?
See how we can finance companies seeking green growth and contact our Investment Managers for further details.
Grants for feasibility studies
We also offer grants for conducting feasibility studies in order to facilitate the internationalisation of Nordic SMEs. Read more about these grants.