NEFCO Growth Financing for Circular Solutions

Enriched Nordic · Found: 2026-03-11 10:48

NEFCO financing program targeting Nordic SMEs with proven technology solutions for circular economy. Supports international growth outside the Nordic countries with loan and equity financing for innovative environmental solutions.

Source: https://nefco.int/news/growth-financing-for-circular-solutions

Funding Details

Contact

Tel: +358 10 618 003 | Email: info@nefco.int | Address: Fabianinkatu 34, P.O. Box 241, FI-00171 Helsinki, Finland | Contact form: nefco.int/contact/contact-form/

Last Checked

2026-04-20 10:26

Application Checklist

Eligibility

• Applicant must be incorporated and headquartered in a Nordic country (Finland, Sweden, Norway, Denmark, or Iceland)
• Must be an SME — NEFCO targets the gap between venture capital and commercial bank financing
• Technology or business model must be proven and commercially validated — not early-stage or concept-only

Project Scope

• Project must relate to circular economy solutions (recycling, reuse, resource efficiency, waste reduction, biodegradable alternatives, etc.)
• Financing primarily supports international scale-up and growth outside the Nordic region
• Business case must demonstrate measurable environmental impact return alongside economic return

Required Documents

• Prepare documentation demonstrating proven technology, market entry plan, and environmental impact metrics

Constraints

• No grants for companies — financing instruments are loans, equity, and feasibility study support only

Historical Context

At end of 2022, circular economy projects represented 17% of NEFCO's active loan portfolio and 40% of new grant-financed projects. NEFCO has financed circular companies including Tracegrow, Sulapac, Cycled Technologies, Pure Waste Textiles, Coloreel, and RiverRecycle. The 2025 Annual Report shows an active portfolio of 324 projects valued at over EUR 560 million, confirming the program is ongoing.

Why it was added

Nordic CE/plastic program for OPF

Similar Programs

← Back to list