Impact from Nopef projects

According to the 2021 customer survey results, 74% of the companies believe that Nopef support had a significant or very significant impact on the decision to initiate their internationalisation project, an increase from 71% in 2020. The results also suggest that Nopef support had a positive impact on the implementation timetable as well as the scope and quality of the financed projects.

Each Nopef project creates

new jobs

investments

sales

 

On average, each project realised with funding from Nopef creates 10 new jobs at participating companies, of which two jobs in the Nordic region, during the subsequent three-year period following the project implementation. According to the client companies, the projects on average result in project-related investments of EUR 1 million, as well as average project-related sales of EUR 2.1 million. Over 70% of the client companies have used or plan to use Nordic subcontractors in their project country operations.

Expected impact from

projects financed in 2021

new jobs

investments

sales

 

Given the average project impact presented above, the projects financed by Nopef in 2021 are expected to contribute to the creation of approximately 190 new jobs, including 31 in the Nordic region, over EUR 26 million in green investments and an estimated EUR 39 million in project-related sales in the coming years. Of the Nordic companies that have established themselves internationally with funding from Nopef, 92% still have ongoing operations in the project country three years after their establishment.

Scandinavian Enviro Systems’ (Enviro) patented technology makes tyre recycling more efficient and helps recover valuable resources from waste tyres, such as carbon black, oil, steel and gas. In 2014, Enviro was granted Nopef funding to facilitate its plan to establish a recycling plant for end-of-life tyres in Chile. In 2021, as a result of the tangible measures, the loan was converted into a grant with no repayment requirement.

The plant will have an annual recycling capacity of 25,000-30000 tonnes, which corresponds to about 60% of the mining tyres, so-called earthmover tyres, that Chile scraps each year. Read more