NEFCO Baltic Sea Action Plan Fund (BSAP Fund)
Enriched Nordic · Found: 2026-03-10 14:04
Nordic Environment Finance Corporation fund providing financing for innovative action-oriented projects in the Baltic Sea. Supports fish-related projects and environmental conservation. Nordic countries including Finland are key contributors.
Funding Details
- Funder
- NEFCO / Nordic Investment Bank (NIB) - Baltic Sea Action Plan Fund (BSAP Fund)
- Funding Goal
- Grant financing for project preparation, technical assistance and implementation of innovative, action-oriented projects that contribute to restoring the nutrient balance and ecological health of the Baltic Sea, including fisheries, pollution reduction, and sustainable resource use.
- Funding Amount
- Grant financing amounts vary by project; co-financing from Sweden and Finland governments
- Deadline
- Rolling basis (Rolling)
- How to Apply
- Contact NEFCO fund managers directly; the fund facilitates and speeds up preparation of bankable projects from public and private entities
- Target Region
- Baltic Sea region (Sweden, Finland, and other HELCOM member states)
- Contact
- Anja Nystén, Senior Manager at NEFCO: anja.nysten@nefco.fi, tel. +358 10 6180 663
- Official Page
- https://nefco.int/financing/other-regions/
- Last Checked
- 2026-03-15 14:13
Application Checklist
Eligibility
Project Scope
Required Documents
Constraints
Summary
The Baltic Sea Action Plan Fund (BSAP Fund) is a grant financing instrument established in 2010 by NEFCO and the Nordic Investment Bank (NIB), funded by the governments of Sweden and Finland. Its primary purpose is to accelerate implementation of the Baltic Sea Action Plan, adopted by HELCOM member countries in 2007, through targeted grants for innovative and action-oriented projects. Thematically, the fund focuses on restoring the nutrient balance in the Baltic Sea, reducing eutrophication, and improving ecological health. Priority areas include nutrient recycling, sustainable fisheries of underused species (such as cyprinid fish), coastal ecosystem restoration, and pollution reduction. Projects must produce measurable environmental impact in the Baltic Sea. Eligible activities include project preparation, technical assistance, and full project implementation. Both preparatory and implementation-stage projects are supported. The fund seeks to facilitate preparation of bankable projects and enable scale-up of proven concepts across Baltic Sea countries. Geographic scope is the Baltic Sea region, encompassing Sweden, Finland, and other HELCOM member states. The fund is particularly active in Finnish and Swedish coastal and marine areas, including the Åland Islands archipelago. Eligible applicants include both public entities (municipalities, government agencies) and private entities (foundations, companies, NGOs). Partnerships across Baltic Sea countries are encouraged. The 2019 funded project involved the John Nurminen Foundation in partnership with commercial fishing operators. Budget and co-funding details are not publicly specified per project, but funding is provided as grants (not loans). The fund is jointly financed by the Swedish and Finnish governments and managed by NEFCO and NIB.
Historical Context
The BSAP Fund was set up in 2010 to help speed up implementation of the Baltic Sea Action Plan (adopted by HELCOM member countries in 2007). Financed by contributions from the governments of Sweden and Finland. Jointly managed by NEFCO and the Nordic Investment Bank (NIB). Projects funded include nutrient recycling through cyprinid fish commercialisation (John Nurminen Foundation, 2019).
Why it was added
Nordic multilateral fund specifically financing Baltic Sea conservation and fisheries projects with Finnish involvement
Sources
- https://nefco.int/news/an-innovative-and-action-oriented-fish-project-in-the-baltic-sea-receives-financing-from-the-bsap-fund
- https://nefco.int/financing/other-regions/