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Fund has awarded almost half a billion kr.

Fund has awarded almost half a billion kr.

10-04-2016 12:00:00


The Danish Maritime Fund has since its inception in 2006 awarded a total of 431 million kroner in support to 532 projects. Of this, 332 million kroner has been awarded to charitable causes and 99 million kroner to business purposes in the form of special loans.

The distributions are as follows:

• Operational optimization: 110 projects – 137,1 million kroner
• Education: 220 projects – 100,9 million kroner
• Environment: 64 projects – 70,3 million kroner
• Recruitment: 26 projects – 49,7 million kroner
• Other: 112 projects – 73 million kroner

In total, 532 projects reached a total of 430,9 million kroner in support.

In the fund's last board meeting in March 2016 approximately 18 million kroner was distributed. The Fund will continue to provide information via a newsletter and projects will individually be described on the fund's website after each board meeting. The Fund's distribution policy is also available on their website.

"The distribution policy is a reflection - a description of the Fund's actual precedent – and formulated so precisely that it will be possible for an applicant to assess whether a project idea within the contemplation of the Blue Denmark as long as it's within the maritime area. We naturally hope that 2016 will also offer many good projects," said Carsten Melchiors, head of the Fund Secretariat.

More than 200 different beneficiaries from the Blue Denmark have so far been benefited from donations.

The Danish Maritime Fund is a private operating foundation established by law in 2005. The Fund for donations is derived from the Fund's ownership of 10% of the shares in Danish Ship Finance. At year-end 2015, the Fund had a bulging cash equivalent of 166 million kroner.

You can read more on the foundation's website HERE

Source: Den Danske Maritime Fond / Maritime Denmark


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