Business funding

Aid for business development and investment projects can be sought from the EU’s structural funds. ERDF funding is granted to projects that have a significant impact on the company’s growth or renewal, internationalisation, productivity or digital business development.
Special attention is paid to projects contributing to climate change adaptation, the promotion of carbon neutrality and energy or material efficiency. Employment aspects are also considered when granting support. 

A maximum of 50 per cent of the overall project costs can be granted in funding for development measures. In the case of lump-sum payments for preliminary surveys and similar projects, support can account for a maximum of 60 per cent of the overall costs. For investments, the share of funding can differ depending on the company’s size and location. Funding is granted on a discretionary basis and is based on an overall assessment made of the company and project, as well as on the available appropriations. 

Funding applications

Applications for the new 2021–2027 EU programming period will be accepted from 14 March to 31 December 2022. The application must be submitted before the start of the project. Applications are submitted via the EURA 2021 system. Calls for applications will be published on the website under Application periods. 

Guidance and information

Before submitting your application, we recommend that you contact the national guidance service for SME funding, available Monday through Friday, from 9.00 to 15.00, at +358 295 024 800. If required, you can also contact the business specialist for Northern Finland. 

Applicants should note that the application material and instructions are only available in Finnish and Swedish.

Applicants are advised to contact Business Specialists at the nearest ELY Centre for more information on funding opportunities, i.e. application periods, requirements for applicants, and eligible measures.

National funding

Applications for national funding can now be submitted through the local government e-service of the North Ostrobothnia Centre for Economic Development, Transport and the Environment. Funding is available for: 
•    Investment and development projects related to sudden structural changes in the Kemi-Tornio region
•    Development projects concerning new business activities of companies in the peat sector
•    Development services for companies

 Business funding for rural areas

Support for the development and investment needs of micro companies can be sought from the European Agricultural Fund for Rural Development. Further information about business support for rural areas is available on the website of the Finnish Food Authority: Business support for rural areas.