Baltic Sea Action Plan Fund

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

The Baltic Sea Action Plan Fund finances projects that address the key challenges facing the Baltic Sea.

Source: https://www.nefco.int/financing/other-regions/baltic-sea-action-plan-fund/

Funding Details

Funder: Nefco (Nordic Environment Finance Corporation) / Nordic Investment Bank (NIB)
Funding Goal: To facilitate and accelerate the preparation and implementation of projects addressing the key environmental challenges facing the Baltic Sea, in line with the HELCOM Baltic Sea Action Plan.
Funding Amount: EUR 1.3 million total allocated in the 2025 round across 8 projects (average ~EUR 160,000 per project). Total fund has distributed EUR 16 million to over 80 projects since 2010.
Deadline: April 18, 2025 (annual call) (Fixed)
How to Apply: Applications are submitted during an annual call for proposals. The steering committee reviews all applications and selects projects. Projects must align with the HELCOM Baltic Sea Action Plan priorities. Contact bsapfund@nefco.int or Dennis Hamro-Drotz (dennis.hamro-drotz@nefco.int) for application details.
Target Region: Baltic Sea region (Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Sweden)
Contact: Dennis Hamro-Drotz, Acting Head of Department, Special Funds. Phone: +358 10 6180 607. Email: dennis.hamro-drotz@nefco.int. General inquiries: bsapfund@nefco.int
Last Checked: 2026-03-12 03:57

Application Checklist

Eligibility

Project must be located within the Baltic Sea catchment area (8 Baltic Sea countries, excluding Russia)
Applicant can be private sector, public sector, NGO, or international organization

Project Scope

Project must address key challenges facing the Baltic Sea aligned with HELCOM Baltic Sea Action Plan
Priority given to biodiversity conservation, pollution prevention, eutrophication reduction, nutrient recycling, wastewater treatment, or microplastics removal
Project should demonstrate early-stage or demonstration character with potential for replication

Constraints

Application must be submitted before the annual deadline (April 18, 2025 for the latest round)
Projects expected to leverage additional co-financing beyond BSAP Fund grant

Summary

The Baltic Sea Action Plan (BSAP) Fund is an early-stage financing mechanism established in 2010 by Sweden and Finland to accelerate the implementation of the HELCOM Baltic Sea Action Plan. The fund is co-managed by Nefco and the Nordic Investment Bank (NIB), with support from the Nordic Environmental Development Fund (NMF) backed by the Nordic Council of Ministers. Since inception, it has distributed EUR 16 million to over 80 projects across the Baltic Sea region. The fund provides grants for demonstration projects, project development and preparation, technical assistance, and project implementation. Approximately 80% of funded projects address biodiversity conservation or pollution prevention, with priority areas including eutrophication reduction, wastewater treatment, nutrient recycling, small-scale sanitation, microplastics removal, and marine biodiversity conservation. Projects must be located within the Baltic Sea catchment area across the eight Baltic Sea countries (excluding Russia). Both private and public sector entities are eligible, including companies, NGOs, international organizations, and municipalities. The fund has a strong track record, generating 7x additional investments beyond its own financing. In its most recent 2025 round, the fund received a record 39 applications from seven countries and approved eight new projects totaling EUR 1.3 million for implementation during 2026. The next application deadline was April 18, 2025, suggesting annual funding rounds.

Historical Context

Established in 2010 by Sweden and Finland. As of end 2023, 74 projects financed. By 2025, over 80 projects funded with EUR 16 million distributed. The 2025 round received a record 39 applications from 7 countries — the highest number in the fund's history. Annual funding rounds have been conducted consistently. The fund generates 7x additional investments beyond its own financing.

Sources

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