Regional Development Fund

Last updated
Regional Development Fund
Government agency
Industry Banking
Founded1961
Defunct1993
Headquarters Oslo, Norway
Key people
Reidar Carlsen, Leif Aune, Terje Stubberud

The Regional Development Fund (Norwegian : Distriktenes utbyggingsfond, DU) was a national development bank [1] in Norway tasked with promoting regional development by counselling, loans and subsidies. The fund was established in 1961 and existed until 1993, when it was merged with the Industry Bank and the Industry Fund to form the Norwegian Industrial and Regional Development Fund. In 2004, the Norwegian Industrial and Regional Development Fund was merged with other agencies to form Innovation Norway. [2]

The Regional Development Fund was headquartered in Oslo.

Directors of the Regional Development Fund

Related Research Articles

Economy of Norway

The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. The country has a very high standard of living compared with other European countries, and a strongly integrated welfare system. Norway's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly North Sea oil. According to United Nations data for 2018, Norway together with Luxembourg, and Switzerland are the only three countries in the world with a GDP per capita above US$70,000 that are neither island nations nor microstates.

Norwegian Computing Center

Norwegian Computing Center is a private, independent, non-profit research foundation founded in 1952. NR carries out contract research and development in the areas of computing and quantitative methods for a broad range of industrial, commercial and public service organisations in the national and international markets. NR's projects cover a large variety of applied and academic problems. NR has its offices near the university campus Blindern in Oslo, Norway, as part of what is known as Forskningsparken, Park of Research.

Høyanger Municipality in Vestland, Norway

Høyanger  is a municipality in Vestland county, Norway. It is located in the traditional district of Sogn. The administrative center is the village of Høyanger. Other villages in Høyanger municipality include Austreim, Bjordal, Kyrkjebø, Lavik, Ortnevik, and Vadheim.

Mo i Rana Town in Northern Norway, Norway

Mo i Rana is a town and the administrative centre of the municipality of Rana in Nordland county, Norway. It is located in the Helgeland region of Nordland, just south of the Arctic Circle. Some of the outlying areas of the town include the suburbs of Båsmoen and Ytteren in the north and Selfors in the east and Åga/Hauknes/Dalsgrenda in the south.

Mosjøen Town in Northern Norway, Norway

Mosjøen or Mussere (Southern Sami) is a town in Vefsn Municipality in Nordland county, Norway. Mosjøen is the oldest town in the Helgeland region, with only the town of Bodø being older within Nordland county. The town is also the administrative centre of Vefsn Municipality. The old village of Mosjøen was declared a ladested in 1875. It was also a town municipality from 1875 until 1961 when it was merged into Vefsn, losing its status as a town (ladested). It is also a former garrison town and customs place. In 1998, the urban area of Mosjøen was declared to be a town once again. People from Mosjøen are referred to using the demonym "mosjøværing". The 6.36-square-kilometre (1,570-acre) town has a population (2018) of 9,834 and a population density of 1,528 inhabitants per square kilometre (3,960/sq mi).

Ministry of Economic Development, Job Creation and Trade

The Ministry of Economic Development, Job Creation and Trade in the Canadian province of Ontario is responsible for programs to attract and retain business and economic development in the province. This is pursued through research and development funding, business advisory services, career exploration opportunities and business startup programs for youth, skills development and marketing Ontario to potential international business investors.

National Bank for Agriculture and Rural Development

National Bank for Agriculture and Rural Development (NABARD) is an apex development finance institution fully owned by Government of India. The bank has been entrusted with "matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India". NABARD is active in developing & implementing Financial Inclusion.

Simula Research Laboratory is a Norwegian non-profit research organisation located at Fornebu, Bærum just outside Oslo, Norway.

Sparebankstiftelsen DNB is a Norwegian foundation. The foundation gives financial contributions to a wide range of charitable causes, and is the second largest shareholder of the financial services company DNB. The foundation's capital is a result of accumulated profits from the former savings banks which are now part of DNB.

Innovation Norway is a state-owned company and a national development bank.

The Government agencies of Norway are state controlled organizations that act independently to carry out the policies of the Government of Norway. The Government Ministries are relatively small and merely policy-making organizations, allowed to control agencies by policy decisions but not by direct orders. A Minister is explicitly prohibited from interfering with the day-to-day operation in an agency or the outcome in individual cases. While no minister is allowed to give orders to agencies personally, they are subject to decisions made by the Government. Also, the Minister is normally the instance of appeals of agencies decisions.

Norwegian Design and Architecture Centre

Norwegian Design Council was a Norwegian state-controlled foundation that encouraged good design of Norwegian products as a key to improved innovation and the products international reputation and sales.

The Research Council is a Norwegian government agency that funds research and innovation projects. On behalf of the Government, the Research Council invests NOK 10 billion (2019) annually.

A national development bank is a development bank created by a country's government that provides financing for the purposes of economic development of the country.

The Norwegian Industrial Bank, also known as the Industry Bank, was a Norwegian bank.

Economy of Greater Oslo

The economy of Greater Oslo plays an important part to Norway's national economy.

Arne Hyttnes

Arne Hyttnes is a Norwegian banker.

Nordic Innovation is an institution that works to promote cross-border trade and innovation between the Nordic countries. Nordic Innovation works under the auspices of the Nordic Council of Ministers, and is located in Oslo.

EGGS is a design agency founded in Oslo, Norway, in 2012. It specialises in cross-disciplinary design projects where expertise in a diversity of fields is required. With offices in Norway, Brazil, and Denmark, EGGS has created projects across a variety of industrial sectors.

Secretary of State for Business, Energy and Industrial Strategy

The Secretary of State for Business, Energy and Industrial Strategy, also referred to as the Business Secretary, is a senior Minister of the Crown within the Government of the United Kingdom, and head of the Department for Business, Energy and Industrial Strategy (BEIS). The office forms part of the British Cabinet.

References

  1. OECD Reviews of Innovation Policy: Norway
  2. Regional utvikling mot år 2000. [Oslo]: Cappelen. 1986. ISBN   8202108969.