The Icelandic-Finnish Culture Fund aims to promote relations and cultural exchanges between Finland and Iceland and to increase the countries' mutual awareness and knowledge. The Fund provides fiscal support to projects in various different societal and cultural fields. These may be related to promotions of cultural exchanges between the two countries, increasing interest in the other country's cultural expressions and dealing with challenges and opportunities related to the industry, social development and cultural life of the two countries. The Fund unites the two countries in mutual support of each other's cultures, providing a richer cultural landscape on the whole, bringing the two closer together to allow for expanded cultural expressions between the countries.
The Fund annually supports several projects relating to various types of cultural activities. For the allocation period of the second half of the year 2020 to the former half of the year 2021, a total of 69 applications were received, with 35 of those being approved for funding, a 51% success ratio considering the number of applications. The Fund continues to support collaboration, the flow of artists and mutual cultural expressions between the two countries. This provides a mutually supportive environment for both to share culturally, socially and economically.
For the allocation period of the second half of the year 2020 to the former half of the year 2021, a total of 28,422 USD (25,750 EUR) was allocated from the fund to support various projects.