One reason for Nopef’s continued popularity and high demand among Nordic SMEs is its relatively simple and straightforward application process. Nopef accepts new applications on an ongoing basis with an average processing time of six to seven weeks. We maintain an active dialogue with the company and support them throughout the project cycle.
" Nopef accepts new applications on an ongoing basis
with an average processing time of six to seven weeks. "
Once a project has been approved for funding, the average feasibility study funded by Nopef takes 1-2 years to complete. During this period, the company undertakes all necessary activities and analysis needed for its investment decision, including developing a business plan, holding meetings with stakeholders in the project country, conducting assessments of legal, financial and commercial issues, and identifying and assessing potential risks. After the final project report has been approved by Nopef, the disbursed funds can be converted from a conditional loan into a financial grant to the client company.