Assessment of regulatory impacts on business

The assessment of business impacts is part of the assessment of economic impacts of legislation. Sufficient business impact assessment contributes to a better regulatory environment with respect to the operation and competitiveness of companies.

In the assessment of business impacts, the impacts of regulation and various implementation alternatives must be examined especially with respect to

• the costs and earnings of companies (including administrative burden)
• competition between companies and the functioning of the market
• small and medium-sized enterprises, entrepreneurship and the growth opportunities of companies
• the investments and innovation operations of companies
• the international competitiveness of companies.

The assessment of business impacts is based on the Government's Guidelines on the Impact Assessment of Legislative Proposals (Finnish Government 2023Link to an external website).

The Ministry of Economic Affairs and Employment promotes business impact assessment in legislative drafting, supports the legislative drafters of ministries and develops methods of business impact assessment.

More information: innovation-friendly regulation

SME testLink to an external website

Further information: erno.mahonen(at)gov.fi