Business funding
In the current funding period (2021–2027), structural funds will allocate funding for a range of development and investment projects run by companies. The projects can be related to production, internationalisation or competence, for example, and they must have a significant impact on the company’s operations, renewal, growth and competitiveness. Employment aspects will also be considered when granting funding. Other matters taken into account in funding decisions include the low-carbon nature of the project, as well as elements with a positive impact on the climate and environment.
A maximum of 50% can be granted as support for development measures. In investment projects, the share of such support is 10–35%. The share of support differs depending on the project’s content, location and any other relevant matters.
In addition, Business Finland grants funding for companies’ research, development and innovation activities. Business Finland’s funding is available to companies, research organisations and public service providers. Small and medium-sized enterprises seeking growth through internationalisation are the main target group.
Western Finland business funding strategy and JTF attachment (PDF, in Finnish)
Western Finland business funding strategy and JTF attachment (PDF, in Swedish)
Amended legislation
The act on discretionary government grants for business development (758/2021) entered into force on 1 November 2021. Support has since been part of the funding granted in the Innovation and Skills in Finland 2021–20217 regional and structural policy programme.
Applicants are advised to familiarise themselves with their region’s funding priorities and calls for applications before applying, and to contact the Economic Development Centre if necessary. Guidance on the requirements and conditions of funding programmes, as well as on calls for applications, is also provided by the Business Advisory Agent. The Business Advisory Agent helps clarify the most common questions and, where necessary, directs applicants to an appropriate funding expert or other advisory service. The Business Advisory Agent offers service in Finnish.
Most of the funding for business development and investment projects comes from the European Regional Development Fund (ERDF) and the Just Transition Fund (JTF).
Business funding for rural areas
Support for the development and investment needs of micro companies can also be sought from the Economic Development Centre. However, the support comes from the European Agricultural Fund for Rural Development. The criteria for funding resemble those for support granted from the European Regional Development Fund or national funds. Further information about business support for rural areas is available on the website of the Finnish Food Authority. Business support for rural areas (ruokavirasto.fi)