Baltic Sea Action Plan Fund supports eight new projects, benefiting ...

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Enriched Nordic · Found: 2026-03-11 08:07

It supports the preparation and launch of projects that tackle key environmental challenges in the region. The fund, co-managed by Nefco and the ...

Source: https://www.nefco.int/news/bsap-fund-supports-eight-new-projects/

Funding Details

Funder: Nefco & Nordic Investment Bank (BSAP Fund)
Funding Goal: Early-stage financing to expedite implementation of the HELCOM Baltic Sea Action Plan by supporting environmental projects across the Baltic Sea region
Funding Amount: EUR 1.3 million allocated across 8 projects in the 2025 round (~EUR 160,000 average per project). Total fund has distributed EUR 16 million to over 80 projects since 2010.
How to Apply: The fund operates through annual Calls for Proposals. Applicants submit proposals during the open call period. Applications are reviewed and selected by Nefco and NIB. Eligibility criteria and a factsheet are available on the NIB website. The 2025 call received 39 applications from 7 countries.
Target Region: Baltic Sea region (Finland, Sweden, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, Russia)
Contact: Dennis Hamro-Drotz, BSAP Fund Manager, dennis.hamro-drotz@nefco.int
Last Checked: 2026-03-12 06:08

Application Checklist

Eligibility

Applicant must be a legal entity (private company, NGO, international organization, or municipality) operating in the Baltic Sea region
Cross-boundary projects involving multiple Baltic Sea countries are eligible

Project Scope

Project must address environmental challenges aligned with the HELCOM Baltic Sea Action Plan
Project should focus on biodiversity protection, pollution reduction, nutrient management, wastewater treatment, or related Baltic Sea environmental issues
Project must demonstrate early-stage preparation or launch readiness

Required Documents

Review and meet the BSAP Fund eligibility criteria document available on NIB/Nefco website

Constraints

Submit application during the annual Call for Proposals period (typically opens in autumn)

Summary

The Baltic Sea Action Plan (BSAP) Fund is an early-stage financing mechanism co-managed by the Nordic Environment Finance Corporation (Nefco) and the Nordic Investment Bank (NIB). Established in 2010 with support from Finland, Sweden, and the Nordic Council of Ministers, the fund is dedicated to expediting the implementation of the HELCOM Baltic Sea Action Plan. Since its inception, it has distributed over EUR 16 million to more than 80 projects across Baltic Sea countries. The fund supports both public and private sector initiatives, including cross-boundary projects. Approximately 80% of funded projects focus on biodiversity protection or pollution reduction. Key thematic areas include nutrient recycling and manure management, wastewater treatment, small-scale sanitation, alternative fuel infrastructure, harbor waste management, water monitoring, wetland restoration, hazardous substance assessments, and reducing net-cutting waste. Recipients have included private companies, NGOs, international organizations, and municipalities. The fund operates through annual calls for proposals. The most recent 2025 call received a record 39 applications from seven countries and resulted in EUR 1.3 million allocated to eight new projects. Implementation of funded projects is typically expected within one to two years of approval.

Historical Context

Established in 2010 with support from Finland, Sweden, and the Nordic Council of Ministers. Has distributed EUR 16 million to over 80 projects since inception. The 2025 Call for Proposals received a record 39 applications from seven countries, the highest number to date. Annual calls for proposals are conducted regularly.

Sources

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