About Nopef

The Nordic Project Fund (Nopef) is part of the organisation of the Nordic Council of Ministers (NCM).

Nopef operations aim to support and extend Nordic cooperation and to contribute to the common interest of the Nordic countries.

Nopef is one of four Nordic financial institutions located at the same address in Helsinki. The other three are the Nordic Investment Bank (NIB), the Nordic Development Fund (NDF) and the Nordic Environment Finance Corporation
(NEFCO).

Nopef operations are financed by the Nordic Council of Ministers. The funds are used to strengthen the international competitiveness of small and medium-sized enterprises by providing loans on favourable terms for co-financing feasibility studies. Feasibility studies aim at contributing to the internationalisation of companies and promoting participation in project exports. Nopef supports feasibility studies for projects that, in our opinion, have reasonable commercial potential.

Nopef was established in 1982. To date, Nopef has processed more than 3900 feasibility study applications. This expertise, the emphasis on the feasibility study phase, cooperation with the national export councils and investment funds, in combination with a minimum of bureaucracy, give Nopef a unique competence to support small and medium-sized companies.