• Invitation for Call for Proposal
  • Ukraine
  • 15.04.2021
  • 26.05.2021

The Finland Ukraine Trust Fund (FUTF) is now launching a Call for Proposals inviting interested Finnish companies to apply for grant financing for project preparation, technical assistance as well as for demonstration projects implemented in Ukraine.

The purpose of the FUTF is to promote cooperation between Finland and Ukraine and identify opportunities for projects, both consultancy services and investments, in the fields of energy efficiency, renewable energy and waste-to-energy and smart energy systems.

Grant funding can be provided for public and private demonstration projects implemented in collaboration by Finnish and Ukrainian enterprises, preferably by small and medium-sized enterprises, or for technical assistance. Funds are available for disbursements until mid-2022.

Project partners’ own contribution is preferable, however technical assistance projects, such as consulting services and software development, can be supported with a grant up to 100 per cent of the costs.

Financing is tied to Finnish content, meaning that each project must have a Finnish interest in the form of consulting services, supply of equipment or investment. The level of the Finnish content must be at least 30% of the total value of the project. The applicants selected shall be registered in Finland.

Selected proposals may receive grant financing between EUR 100,000 and EUR 600,000.

The focus of the Trust Fund is on following fields:

  • Renewable energy and waste-to-energy
  • Power and heat generation
  • District heating networks
  • Energy efficiency in buildings and industry
  • IT solutions and distribution networks
  • Development of partnerships in the context of multilateral development programs and projects of International Finance Institutions

Read more about some of the previously financed projects at Examples of projects financed by the Finland Ukraine Trust Fund | Nefco

To apply for funding from the Trust Fund, please fill in the Application Form. Please note that completed applications forms shall be submitted in an electronic form to Elomatic Oy, Jarkko.olkinuora@elomatic.com, marked as “FUTF CFP 2021”.

Download the eligibility criteria and check whether your project is eligible.


The Trust Fund is financed by the Ministry for Foreign Affairs of Finland and managed by Nefco. The local coordinator is the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE).

Read more about the Finland Ukraine Trust Fund | Nefco

Questions and Answers

Answers to the submitted questions can be downloaded here.