Since 2009, six calls for proposals have been announced to date, each with a different theme: NCF1: water resources and energy efficiency; NCF2: renewable energy and urban adaptation; NCF3: innovative low-cost climate solutions with focus on local business development; NCF4: Inclusive green growth projects contributing to private sector development; NCF5: climate resilience in urban and private sector contexts; and NCF6: green growth for sustainable livelihoods, which was launched in November 2015. NCF7 is expected to launch during the Q3 of 2017.
For interested parties, watch for the timing and theme of the next call for proposals and get to know your Nordic counterparts.
Pre-screening of all project proposals is done via a completed online application form. This is followed by a full technical and financial evaluation. The NCF’s funding decisions are highly results-based and grant disbursements are linked to agreed milestones included in the proposals.
The NCF’s grant funding may cover up to 80% of the estimated costs, with the rest covered by the applicant, local or other partners, and/or other international or local financiers. Proposals indicating more co-financing usually score higher. The maximum project implementation period is 30 months, starting one month after the signing of the grant agreement.
In the long run, NCF-funded projects are expected to be financially viable for the local partner; however, the NCF does not intend for the project to generate profits during the implementation period. Any possible revenues must eventually be budgeted as financing for the project.