The West Nordic Fund lends money to invest in companies in the Faroe Islands and Greenland, as well as to Icelandic companies, for co-operation projects between an Icelandic and/or a Faroese or a Greenlandic company.
The Nordic Development Fund for the West Nordic Region, hereinafter called the Fund, aims to promote the development of a diverse and competitive business life in the West Nordic Region by providing loans, grants and guarantees for implementation of projects related to, or in favour of, small and medium enterprises. Loans, grants and guarantees can be only given to companies in Iceland where there is actual co-operation between these and companies in the Faroe Islands and Greenland. In this context, the Fund will contribute to the industrial and technical co-operation within the West Nordic Region and between the West Nordic and Nordic Regions in general.
Faroe Islands, Iceland, Greenland
West Nordic Development Fund