Sustainable Growth Programme funding to companies from the Ministry of Economic Affairs and Employment and government agencies under its purview 

Sustainable growth programme for Finland Recovery funding promotes the renewal of economic structure and the competitive advantage of Finnish companies based on sustainable solutions. The Ministry of Economic Affairs and Employment and government agencies under its purview opened calls for funding applications from companies under Finland’s Sustainable Growth Programme in summer 2021.

They will relate to transformation of the energy system, energy and circular economy solutions in industry, and investments in research, development and innovation.

Research organisations can also submit funding applications for some projects, whereas other public sector operators can apply for funding for projects related to innovation infrastructures and experimental environments. The funding organisations – Ministry of Economic Affairs and Employment, Business Finland, ELY Centres and Energy Authority – will provide more detailed information on the calls for funding. 

Business Finland and the Sustainable Growth Programme for Finland 

Funding available to companies

Funding applications on energy transformation and industrial energy solutions

Energy infrastructure

  • Focus area: Funding is available for investments related to energy transmission and distribution, in particular the construction of district heating infrastructure to recover waste heat. In addition, funding can be granted for investments in the main electrical grid, the introduction of new innovative technologies in distribution networks, and the transmission of low-carbon gases and hydrogen. 
  • Timetable: Application round for energy investment aid from 20 December 2021 to 4 March 2022
  • Total planned funding for the focus area: EUR 155 million
  • Granting authority: Ministry of Economic Affairs and Employment and possibly Business Finland

Press release 20.12.2021: Call for applications for funding to promote the green transition in energy system and industry starts

First application round for energy investment aid under Finland's Recovery and Resilience Plan

New energy technologies

  • Focus area: Funding is available for investments in new energy technologies, such as offshore wind power, large-scale solar power, biogas, renewable transport fuels, geothermal heat and heat recovery.
  • Timetable: Application round for energy investment aid from 20 December 2021 to 4 March 2022
  • Total planned funding for the focus area: EUR 155 million
  • Granting authority: Ministry of Economic Affairs and Employment and possibly Business Finland

Press release 20.12.2021: Call for applications for funding to promote the green transition in energy system and industry starts

First application round for energy investment aid under Finland's Recovery and Resilience Plan

Low-carbon hydrogen and carbon capture and utilisation

  • Focus area: Funding is available for investments and innovations related to the production of clean hydrogen and the capture and utilisation of carbon dioxide.  
  • Timetable:
    • National call for applications for the so-called hydrogen IPCEI 11.6.–4.7.2021
    • National call for applications for the so-called hydrogen IPCEI 26.10.–20.11.2021
    • Eureka call for projects ”Green Hydrogen – European Infrastructure for Transporting Hydrogen” 31.7.–5.11.2021
    • Application round for energy investment aid from 20 December 2021 to 4 March 2022
  • Total planned funding for the focus area: EUR 150 million
  • Granting authority: Business Finland and the Ministry of Economic Affairs and Employment

Press release by the Ministry of Economic Affairs and Employment, 11 June 2021: Business Finland to accept applications on hydrogen projects as part of Sustainable Growth Programme

Business Finland: Eureka call for projects ”Green Hydrogen – European Infrastructure for Transporting Hydrogen”

Press release 20.12.2021: Call for applications for funding to promote the green transition in energy system and industry starts

First application round for energy investment aid under Finland's Recovery and Resilience Plan

Direct electrification and decarbonisation of industrial processes

  • Focus area: Funding is available for solutions that reduce carbon dioxide emissions in industry, such as electrification of processes, hybrid solutions and the utilisation of heat pump technology and waste heat.
  • Timetable: Application round for energy investment aid from 20 December 2021 to 4 March 2022
  • Total planned funding for the focus area: EUR 60 million
  • Granting authority: Ministry of Economic Affairs and Employment and possibly Business Finland

Press release 20.12.2021: Call for applications for funding to promote the green transition in energy system and industry starts

First application round for energy investment aid under Finland's Recovery and Resilience Plan

Support for public infrastructure for distribution and refuelling of electricity, biogas and renewable hydrogen in transport

  • Focus area: Replacing fossil fuels with the support of a public infrastructure for distribution and refuelling of electricity, biogas and renewable hydrogen in transport.
  • Timetable: competitive tendering
    • 16.5.2022–13.6.2022 (high-power charging points for vehicles)
    • 20.6.–22.8.2022 (renewable hydrogen refuelling points)
  • Total planned funding for the focus area: EUR 20 million
  • Granting authority: Energy Authority

Energy Authority: Infrastructure support in transport (in Finnish)

Investments promoting the reuse and recycling of key materials and industrial sidestreams

  • Focus area: Investment support for the circular economy will accelerate the reuse and recycling of industrial waste and sidestreams, such as materials from the bioeconomy and other key industrial sectors.  These include battery materials, plastic, textiles, electrical and electronic equipment, construction and demolition materials. The funding will be allocated to pilot and demonstration facilities, the first commercial investments in facilities and related RDI activities, and the introduction of new technology promoting reuse and recycling. 
  • Timetable:
    • call for funding applications 23.8.2021–31.3.2022 (batteries)
    • funding call for recycling and reuse investments 15.9.–15.12.2021
  • Total planned funding for the focus area: EUR 110 million
  • Granting authority: Business Finland

Business Finland: Battery industry: Piloting, demonstration and investment projects

Business Finland: Funding call for recycling and reuse investments opens on 15 Sep

Low-carbon built environment

  • Focus area: The aim is to speed up the introduction of technologies, services and operating models in the construction sector that combat climate change and support decarbonisation, to change operating methods and to increase productivity. This is a measure of the Ministry of the Environment’s administrative branch and a large part of the funding calls will be organised by Business Finland.
  • Timetable: Funding will be granted in accordance with the preliminary plan in 2021, 2022 and 2023.
    • Call 23.8.2021–15.10.2021
    • Call 23.8.2021–31.3.2022
    • Call 1.9.2022–31.10.2022
  • Total planned funding for the focus area: EUR 32 million, according to a preliminary plan.
  • Granting authority: Business Finland

Business Finland: Low-carbon built environment – Call for innovation funding applications

Research, development and innovation (RDI) funding

A competition for leading companies started in June 2021. Later, funding applications will be accepted for the development of innovation infrastructure and key sectors of the future as well as for innovation projects by growth companies.  

Leading company funding

Key sectors of the future

  • Focus area: Funding related to the key sectors of the future is available for the partnership projects of leading companies.
  • Timetable: 
    • Call 16.4.–30.9.2021 
    • Call 30.9.2021–14.4.2022
  • Total planned funding for the focus area: EUR 27 million
  • Granting authority: Business Finland

Business Finland: Partnership model funding call for companies and research organizations

Business Finland 30.9.2021: Partnership model funding call for companies and research organizations

Innovation infrastructures and experimental environments

  • Focus area: Funding for building or developing testing, experimentation, research or innovation infrastructures that support sustainable growth and digitalization.
  • Timetable: The idea phase's proposals 14.10.–15.12.2021. The actual funding call will be carried out in early 2022.
  • Total planned funding for the focus area: EUR 25 million
  • Granting authority: Business Finland

Business Finland 14.10.2021: Funding call for building and developing infrastructures that support sustainable growth and digitalization – idea phase

Innovation projects by growth companies

  • Focus area: Funding will be allocated to research and innovation projects by SMEs seeking growth through exports. 
  • Timetable: Call for funding applications 23.8.2021–31.3.2023
  • Total planned funding for the focus area: EUR 20 million
  • Granting authority: Business Finland

Business Finland: Ensure your competitiveness in the future  – Funding provided for innovative green ideas
Business Finland: Green transition for growth companies: Innovation funding call

5G/6G, artificial intelligence and quantum computing

  • Focus area: Funding for building or developing testing, experimentation, research and innovation environments that promote the development of 5G/6G, AI or quantum computing.
  • Timetable: 
    • The idea phase's proposals 14.10.–15.12.2021
    • Call for funding applications 18.3.–23.5.2022 
  • Total planned funding for the focus area: EUR 10 million
  • Granting authority: Business Finland

Business Finland 14.10.2021: Funding call for building and developing infrastructures that support sustainable growth and digitalization – idea phase

Business Finland 18.3.2022: Funding call for building and developing infrastructures that support leading technologies and sustainable growth and digitalization

Microelectronics

  • Focus area: Call for Finnish proposals for the participation in the new (IPCEI) in microelectronics and connectivity (ME-CT).
  • Timetable: The call opens on the 12.7.2021 and ends on the 23.8.2021.
  • Total planned funding for the focus area: EUR 15 million
  • Granting authority: Business Finland

Sectors impacted by COVID-19 and leading international growth companies

Funding for renewal of creative industries

  • Focus area: Funding for the development, renewal and improved international competitiveness of creative industries.
  • Timetable:
    • Call for proposals 3.8.2021–31.8.2021. Call for funding applications 15.9.2021–31.10.2021.
    • Call 4.4.–30.9.2022
  • Total planned funding for the focus area: EUR 9 million
  • Granting authority: Business Finland

More information in Finnish (Business Finland): news 3.8.2021news 15.9.2021 and news 4.4.2022

Sustainable growth and digitalisation in the tourism sector

  • Focus area: Funding will be allocated to development and renewal of the tourism sector necessary for its recovery. Key issue is to use digital solutions, sustainable practices and knowledge of customers to improve competitiveness in international tourism markets that are undergoing change.  Funding will also be allocated to enhance cooperation between tourism operators and research organisations. 
  • Timetable: The funding call for individual companies 1.3.–29.4.2022. The funding call for joint projects 4.4.–16.9.2022.
  • Total planned funding for the focus area: EUR 5 million 
  • Granting authority: Business Finland

Business Finland: Funding call for the sustainable growth and digitalization of the tourism industry

Health and wellbeing technologies and skills

  • Focus area: The funding call applies to innovative solutions in the health and wellbeing sector that develop digital solutions, technologies, and operating procedures in the field of healthcare.
  • Timetable:  Call 1.11.2021–31.1.2022 
  • Total planned funding for the focus area: EUR 4 million 
  • Granting authority: Business Finland

Business Finland 1.11.2021: Health and wellbeing competence and technology – Innovation funding call
Info webinar in Finnish 17 November 2021

Low-carbon industry, circular economy, digitalisation and service development

  • Focus area: Funding for projects that support low-carbon industry and circular economy and digital renewal of industry. In addition, funding will support the growth of industrial service exports.
  • Timetable: Call 21.1.–30.6.2022
  • Total planned funding for the focus area: EUR 4 million
  • Granting authority: Business Finland

Business Finland: Funding call for industrial projects related to low-carbon circular economy, digitalization and service exports

Growth accelerator programme to develop international capabilities

  • Focus area: Funding for small companies, in particular, to develop international capabilities so that they can better respond to changes in the business environment caused by the coronavirus as well as increased business opportunities. Funding will promote the use of digital technology and operating methods in the business and international activities of small companies. 
  • Timetable: to be determined later, 2022
  • First funding decisions: to be determined later, 2022
  • Total planned funding for the focus area: EUR 10 million
  • Granting authority: ELY Centres

The amount of funding for these measures may change based on the decision by the Council of the EU on Finland’s Resilience and Recovery Plan and the final amount of funding Finland will receive from the EU, which will be confirmed in 2022.

The specific criteria for the calls for funding from the Ministry of Economic Affairs and Employment and government agencies under its purview will be published when the project calls are launched. The calls for funding are national and competitive. 

Funding will be provided through instruments similar to those currently in use. The funding criteria include specific requirements related to the use of the EU Recovery and Resilience Facility, such as compliance with the ‘do no significant harm’ principle, which means that the implementation of investments must not cause significant harm to environmental objectives. The manner in which special requirements are taken into account will be specified before the calls are opened.  

Inquiries:
Mikko Vähä-Sipilä, Director, tel. +358 29 504 7166, mikko.vaha-sipila(a)gov.fi
Juho Korteniemi Chief Specialist (energy), tel. +358 29 504 7054, juho.korteniemi(a)gov.fi
Jyrki Alkio Chief Specialist (industry), tel. +358 29 504 7103, jyrki.alkio(a)gov.fi
Sampsa Nissinen, Senior Ministerial Adviser (RDI and other business subsidies), tel. +358 29 504 7189, sampsa.nissinen(at)gov.fi
Timo Haapalehto Chief Specialist (RDI), tel. +358 29 504 7218, timo.haapalehto(a)gov.fi

Ministry of Finance: Sustainable Growth Programme for Finland
Business Finland and the Sustainable Growth Programme for Finland

Funded by the European Union