Public subsidies for developing tourism
Public subsidies for the development of the tourism industry are provided through such channels as the European Regional Development Fund (ERDF), European Social Fund (ESF), European Agricultural Fund for Rural Development (EAFRD), Tekes programmes and direct grants provided by ministries. Tourism is also a high-priority sector in the structural fund and rural programmes launched in 2015.
Public subsidies granted for tourism-related projects between 2007 and 2013 totalled about EUR 500 million. Business subsidies accounted for more than a quarter of this total, one third went to such purposes as product development, while the rest was allocated to the development of services and infrastructure supporting tourism. The public subsidies granted to tourism are roughly equal to the proportion of the tourism cluster of the GDP.
Centres for Economic Development, Transport and the Environment (ELY Centres)
ELY Centres grant support to enterprises for investments, development of business operations and the operating environment and for training and research. They also provide advisory services for tourism enterprises and manage matters related to the local infrastructure in their areas. A sector manager for tourism acts as a national expert on tourism for all ELY Centres.
Regional Councils provide support for tourism development projects, general marketing, advisory services, training and research.
Tekes provides innovation funding for enterprises, research organisations and providers of public services. Growth-oriented SMEs expanding their international operations are the most important target group for funding.
Finnvera helps Finnish enterprises in the development of their domestic operations. It also promotes the export and internationalisation of companies through financing. Finnvera’s financing services include loans, guarantees and export credit guarantees, which are also available to tourism enterprises.
The Enterprise Finland website contains information on the financing services provided by the ELY Centres and Finnvera. The online service is intended for enterprises, entrepreneurs and those planning to set up a business and provides information on the establishment, growth, development and internationalisation of enterprises.
Team Finland brings together all state-funded internationalisation services - from advice to funding.
Further Information nina.vesterinen(at)tem.fi