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Government proposes to specify Business Finland Oy’s public administrative duties

Ministry of Economic Affairs and Employment
Publication date 10.11.2022 14.45
Press release
Business Finland

On 10 November 2022, the Government proposed amendments to the Act on Funding Agency for Innovation Business Finland and Business Finland Oy and the Act on Public Employment and Business Service.

The proposal would specify, in particular, the public administrative duties of Business Finland Oy (the company) related to the funding activities that are the responsibility of the funding agency. The proposal also specifies the other public administrative tasks handled by Business Finland Oy and lays down provisions on the transfer of the company’s duties and personnel to the funding agency. The transfer of personnel would take place by the end of 2024.

The proposal does not change the premise of the current Act, according to which the funding agency and the company form an operational entity that is managed through a common strategy.

The current legislation has been in force for over four years and the Government now proposes other necessary specifications to the Act. These include an addition to the company’s tasks to promote the immigration of experts to Finland, which would be based on the company’s current duties. 

Job Market Finland profiles can be created without strong identification

The amendments to the Act on Public Employment and Business Service would promote the immigration of experts to Finland and would therefore be linked to the task proposed to Business Finland Oy. 

As a result of the amendments to the Act, jobseekers could create a job search profile without a strong electronic identification. The proposed amendments will promote the equality of public employment and business service customers by allowing a wider customer base to create a job search profile. 

The laws are scheduled to enter into force on 1 May 2023. 

Maria Hauptmann, Chief Specialist, tel. +358 295 047 334 (Business Finland Act),
Mikko Huuskonen, Senior Ministerial Adviser, tel. +358 29 506 3732 (Business Finland Act, 14 – 18 November 2022)
Emmi Äijälä, Senior Specialist, tel. +358 295 047 216 (Act on Public Employment and Business Service)


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