The purpose of public financing for enterprises is to correct market failures and to share risks with private providers of financing. The Ministry of Economic Affairs and Employment is responsible for ensuring that enterprise and export financing provided by the State of Finland functions effectively, considering enterprises’ financing needs in their different stages of development and the national and international provisions regulating enterprise financing.
The business subsidies administered by the Ministry of Economic Affairs and Employment are extensively allocated to growth-oriented enterprises for developing new business and for strengthening innovation, as well as for promoting the growth and internationalisation of SMEs.
Loans, guarantees and credits »
Finnvera plc is a specialised financing company owned by the State of Finland, and they provide financing for the start, growth and internationalisation of enterprises as well as for protection against risks associated with export business.
Venture capital investment »
The purpose of public venture capital investments is to promote the development of venture capital investment markets and to focus funding on areas where there is not enough private risk capital.
European Fund for Strategic Investments (EFSI) »
The European Fund for Strategic Investments is a European Union-founded fund that has the goal of accelerating investments as a part of the European investment programme.
Enterprise developmental support and start-up grants »
Enterprise development grants, enterprise development services and start-up grants are used to add new business and to encourage existing companies to develop their business.
Regional aid »
Labour and other resources are unevenly distributed, and, for this reason, there are differences in business opportunities between regions.
Supporting internationalisation »
There is a wide range of public financial services to support the internationalisation of enterprises.
Research, development and innovation funding »
Public research, development and innovation funding aims to encourage renewal of enterprises.
Energy and investment aid »
Based on its assessment the Ministry of Economic Affairs and Employment can grant aid for innovative energy projects. Energy aid is granted för investments and studies
General criteria for business subsidies on national level »
Business subsidies must meet with the national requirements for good business subsidies. The new requirements entered into force on 1 July 2016.