Since the Nobel Center project was launched in December 2011 the aim has been to finance the investment cost for the new building entirely by donations. Future operation and development will however, occur with the help of long-term support from the Central Government and the City of Stockholm, among other sources. Both the building and the future operation of the centre must be financed with external funds, since the equity of the Nobel Foundation may not be used for these purposes. The budget for the Nobel Center building is SEK 1.2 billion at today’s cost level.
In June 2013 most of the financing was secured thanks to a generous donation from the Erling-Persson Family Foundation and the Knut and Alice Wallenberg Foundation. Together these donors are contributing SEK 800 million, making it one of the largest private donations for a project of this kind in Sweden.
“We are delighted that we can now realise the more than century-old dream of a Nobel Center. With this donation, the two foundations are showing their commitment and support for projects that will promote the dissemination of knowledge. The Nobel Center is an important investment in the future of Stockholm. A strong home base will also enhance the ability of the Nobel system to develop internationally,” says Lars Heikensten, Executive Director of the Nobel Foundation.
Aside from the initial donations from the Erling-Persson Family Foundation and the Knut and Alice Wallenberg Foundation SEK 200 million in additional funds for the project have been pledged from the following donors and partners: Agnetha and Robert Andreen, Miriam and J Christer Ericsson, Catarina and Sven Hagströmer, Kent and Lena Janér, Per and Lena Josefsson, Barbro and Bernard Osher, Björn and Inger Savén, Carl-Henric and Louise Svanberg, Bo Söderberg and Ulla Zachrisson, Einar Mattsson AB, Mellby Gard and the Sten A Olsson Foundation for Research and Culture.
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