Northeast Iceland Development Fund

About the Fund

• The Northeast Development Fund is a competitive fund. Applications are evaluated based on the objectives and emphasis of the Northeast Iceland Development Strategy 2020-2024, as well as the criteria set forth in the funds allocation rules.
• The Association of Municipalities in Northeast Iceland (Samtök Sveitarfélaga og atvinnuþróunar á Norðurlandi eystra – SSNE) is responsible for the administration of the fund.
• The fund’s operation is based on the almanac year.
• Grants from the Northeast Development Fund can amount up to 50% of total project cost.
• Institutions, government owned corporations and organizations in which majority of ownership is public (government and/or municipalities) shall as a rule not be a leading partner in projects supported by the regional development fund.

Applicants

• Applicants must be individuals of legal age, organisations, businesses, or municipalities with residence in Northeast Iceland. Institutions, government owned corporations and organizations in which majority of ownership is public (government and/or municipalities) shall as a rule not be a leading partner in projects supported by the regional development fund. Applicants for start-up and operating grants must be legal entities.
• The Northeast Iceland Development Strategy (Sóknaráætlun Norðurlands eystra) 2020-2024 emphasizes the regional development fund’s ideology and presents all three sets of issues the strategy holds: culture, environment, and economy.
• The emphasis includes specific criteria for projects and incentives for action. Applications are evaluated based on these emphases (See evaluation form)
• Projects must be completed before the end of 2020.

Where do I apply ?

• Applications must be submitted electronically on appropriate application forms for Uppbyggingarsjóður Norðurlands eystra. The application should include a clear description of the project and its objectives, a task and time schedule, a detailed cost estimate and information on the applicants. Reasoning for how the project supports Sóknaráætlun (the Regional Development Strategy) should also be included.
  • It is necessary for registration in the application system to be on the applicant's ID.
    Applications for legal entities (companies and firms) must be registered on the ID number of the person in question. It is therefore necessary to apply for an Íslykil or electronic ID of the party in question.
• The application window is open from october 4th until November 10th at 13:00.

Allocation committee

The Association of Municipalities in Northeast Iceland, SSNE, appoints a five-member Allocation Committee in accordance with article 2.3 of the contract for Northeast Iceland Development Strategy 2020-2024. Members are appointed for a 2 years term and the chairman is elected for 2 years. The role of the Allocation Committee is to select the projects that will be funded.

〉〉 Katrín Sigurjónsdóttir, chairman
〉〉 Eva Hlín Dereksdóttir, chairman of Professional Council for Business and Innovation
〉〉 Hulda Sif Hermannsdóttir, chairman of Professional Council for Culture
〉〉 Ottó Elíasson, chairman of Professional Council for Environment
〉〉 Guðni Bragason
〉〉 Thomas Helmig

Deputies:
Jan Axel Klitgaard
Guðrún Sigríður Tryggvadóttir
Sveinn Margeirsson