NEFCO channels grants with favourable terms for projects that have a positive impact on the environment.

The Arctic Council Project Support Instrument (PSI) is a financial initiative focusing on projects approved by the Arctic Council to prevent and reduce pollution of the Arctic. It uses a broad range of funding arrangements to include grants and revolving instruments such as leveraging loans (see Loans and equity section).

The Barents Hot Spots Facility (BHSF) provides grants to finance technical assistance in the Arctic and the Barents region.

The Baltic Sea Action Plan Fund helps restore the ecological status of the Baltic Sea.

If none of these financing instruments matches your needs, please see our Project Specific Funds.