Regional Development Fund
Encyclopedia
The Regional Development Fund was a government agency
and bank
(a regional
development bank) 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
.
The Regional Development Fund was headquartered in Oslo
.
Government agency
A government or state agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency. There is a notable variety of agency types...
and bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
(a regional
development bank) in Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
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
Innovation Norway
Innovation Norway is a state-owned company started in 2004 that replaced four governmental organisations. These organisations were:* The Norwegian Tourist Board* The Norwegian Trade Council* The Norwegian Industrial and Regional Development Fund...
.
The Regional Development Fund was headquartered in Oslo
Oslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
.
Directors of the Regional Development Fund
- Reidar CarlsenReidar CarlsenReidar Carlsen was a Norwegian politician for the Labour Party. Reidar Carlsen was born in Bodin in Nordland county, Norway. He studied at the National School of Forestry in the community of Steinkjer ....
(1961–78) - Leif Aune (1978–90)
- Terje Stubberud (1991–92)