The Icelandic Route Development Fund

The Icelandic Route Development Fund

On 30 October 2015 the Government resolved to entrust the Minister of Industry and Commerce to begin preparations for the establishment of a Route Development Fund. This resolution was based on proposals from a committee appointed by the Prime Minister on new opportunities for international flights.

The objective of the Fund is to support the development of new flight routes to Iceland, to enable regular international flights through the international airports at Akureyri and Egilsstaðir. This encourages better distribution of travellers throughout Iceland, in accordance with the Road Map for Tourism, improves utilisation of public infrastructure, and enhances the living conditions and quality of life for local residents as well as the business environment in North and East Iceland.

The Fund operates in two divisions, a Route Development Division and a Marketing Support Division. 

Rules of procedure

The Fund operates in accordance with the Rules of Procedure for the Icelandic Route Development Fund ratified by the Minister of Industry and Commerce on 14 July 2016. 


Applications must be submitted electronically, using the appropriate application forms , to the Ministry of Industries and Innovation, which will handle the documentation received by the Fund together with payments to applicants in accordance with decisions by the Board.

The fund is now open for applications. Deadline for submission is 31st August 2016

Applications are to be sent to the Ministry of Industries and Innovation to