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), Business Finland programmes and direct grants provided by ministries.
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.
Business Finland offers a smooth, joint service path for customers - enterprises, research organizations and providers of public services - in Finland and abroad when you need innovation funding, advise in growing internationally, investing in Finland or bringing visitors to Finland. Growth-oriented SMEs expanding their international operations are the most important target group for funding. Finpro - the Finnish trade promotion organization - and Tekes - the Finnish Funding Agency for innovation - united as Business Finland at the beginning of January 2018.
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.
Suomi.fi for companies
The online service Suomi.fi for companies 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. The contents under development will replace the current Enterprise Finland.fi in the beginning of 2018. Until then, the EnterpriseFinland.fi can be used as normal.
Team Finland network brings together all state-funded internationalisation services - from advice to funding. Business Finland is part of the network.
Further information: Sanna Kyyrä sanna.kyyra(at)tem.fi