Drying bownets in Neringa, Lithuania. Photo: Patrik Rastenberger

Finland has raised its commitment to the Baltic Sea Action Plan fund (BSAP Fund) from EUR 500,000 to EUR 1.6 million.

”The Government of Finland thinks it is very important to channel funds to the cleaning of the Baltic Sea, and this is why we raised our commitment by two thirds,” says Kristiina Isokallio, Counsellor at the Finnish Ministry of Environment.

The BSAP Fund was set up in 2009 to speed up the implementation of the HELCOM Baltic Sea Action Plan adopted by the HELCOM member countries—Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Russia and Sweden. The fund has also received a commitment totalling SEK 45 million (EUR 4 million) from Sweden.

NEFCO and the Nordic Investment Bank (NIB), both having a long-term engagement in the Baltic Sea region and strong environmental mandates, are joint managers of the fund. The fund provides grants for technical assistance to projects that support the implementation of the HELCOM Baltic Sea Action Plan.

Learn more about the BSAP Fund

Read more about the Baltic Sea Action Plan

Read the article above in Russian