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Regional development is carried out in broad-based cooperation by different authorities and other actors in both central government and the regions. In the distribution of responsibilities between the ministries, regional development has been assigned to the Ministry of Employment and the Economy. The targets, responsibilities of the authorities and programmes of regional development have been determined in the Act on Regional Development and the Administration of Structural Funds (7/2014).https://tem.fi/en/objectives-and-planning-of-regional-development
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Regional councils are the main bodies promoting the interests of their regions and they also act as statutory joint municipal authorities. Working in cooperation with central government authorities, central cities, other municipalities and universities in their regions and other parties involved in regional development, they are responsible for the regional development strategy and overall regional development.https://tem.fi/en/regional-councils
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Regional development priorities The Government decides on the national regional development priorities for each government term (regional development decision). The regional development decision guides the development of the different administrati...https://tem.fi/en/regional-development-priorities
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The Act on Regional Development and the Administration of Structural Funds (7/2014) entered into force in 2014, and it governs regional development. The Act lays down the goals and programme work of regional development as well as the tasks of the authorities responsible. Moreover, the Act includes special provisions on the structural fund programme and the European Territorial Cooperation programme, namely managing their action plans.https://tem.fi/en/legislation-on-regional-development
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Regional Development Guidelines 2040 Cover page of publication: Regional Development Guidelines 2040. Regional development affects the vitality of regions in the long term. Anticipation is needed to plan long-term work. The Regional Development Gu...https://tem.fi/en/regional-development-guidelines-2040
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Advisory Council on Regional Renewal (AUNE) The Advisory Council on Regional Renewal is a key national body bringing together the work carried out by various actors involved in regional development. These include councils, advisory boards and expe...https://tem.fi/en/advisory-council-on-regional-renewal
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Nordic cooperation aims to promote the common Nordic interests and values. The presidency in the Nordic Council of Ministers steering this work rotates on an annual basis.https://tem.fi/en/nordic-cooperation
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The European Territorial Cooperation (ETC) objective supports cross-border cooperation between EU Member States at trans-national and interregional level. A total of 10.1 billion euros has been allocated to the ETC objective from the European Regional Development Fund in the period 2014 - 2020.https://tem.fi/en/european-territorial-cooperation-objective
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International cooperation is central to space policy The Ministry of Economic Affairs and Employment is responsible for international cooperation in the space sector with organisations such as the European Space Agency (ESA), the European Union (E...https://tem.fi/en/international-space-cooperation
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International and EU cooperation in the energy sector Photo: EU International cooperation in the energy sector has been undertaken via various forums for a long time and diverse global issues have only increased the need for such collaboration. Th...https://tem.fi/en/international-and-eu-cooperation-in-the-energy-sector
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Finland receives assistance from two structural funds in the EU: the European Regional Development Fund and the European Social Fund.https://tem.fi/en/eu-structural-funds
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International cooperation on security of supply Finland has a well-functioning and unique security of supply system. The significance of international cooperation has increased alongside national preparedness measures, particularly as a result of ...https://tem.fi/en/international-cooperation-on-security-of-supply
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Cross-border cooperation supports social and economic development along EU’s external borders, provides a response to joint challenges in such areas as the environment, health and crime and boosts the movement of people, goods and capital. By promoting the sharing of experiences and dissemination of best practices, cross-border cooperation helps to strengthen competitiveness in the border areas, the creation of international networks and economic growth.https://tem.fi/en/european-neighbourhood-instrument-cross-border-cooperation
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2.12.2025 | “Ten Economic Development Centres will start operations on 1 January 2026. The reform on regional state administration will create comprehensive and cost-effective state administration services in regions to promote sustainable growth, competitiveness and attractiveness,” Minister of Economic Affairs Sakari Puisto said at a press conference on the launch of the Centres.https://tem.fi/en/-/new-economic-development-centres-to-promote-regional-vibrancy
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15.4.2026 | Finland and Canada have signed a Memorandum of Understanding (MoU) that will strengthen their bilateral collaboration especially in marine industry and Arctic matters. The MoU was signed by Minister of Economic Affairs Sakari Puisto and Canada’s Minister of Industry Melanie Joly in Ottawa on 14 April 2026.https://tem.fi/en/-/finland-and-canada-to-deepen-their-cooperation-in-arctic-maritime-industry-and-technology
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18.2.2026 | Finland and Germany have signed a statement of intent on further cooperation on hydrogen infrastructure, hydrogen technology development and investments in the hydrogen sector. The statement was signed by Minister of Climate and the Environment Sari Multala and, on behalf of Germany, Minister of Economic Affairs and Energy Katherina Reiche in connection with the Ministerial Meeting of the International Energy Agency (IEA) in Paris on 18 February 2026.https://tem.fi/en/-/finland-and-germany-sign-statement-of-intent-on-hydrogen-cooperation
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11.12.2025 | On 11 December 2025, the Government submitted to Parliament a Union communication concerning the European Commission’s proposed regulations on the European Regional Development Fund (ERDF) and the European Social Fund (ESF). The proposals are part of the Commission’s proposal for a new multiannual financial framework for 2028–2034.https://tem.fi/en/-/government-decides-on-eu-regional-and-structural-policy-reform-for-2028-2034-as-part-of-partnership-fund
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Positive structural change A positive structural change refers to a situation where a company makes a significant investment in a region, thereby strengthening its vitality and boosting employment in the area. Ensuring the success of positive stru...https://tem.fi/en/positive-structural-change
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Globalisation and changes in production structures may cause abrupt and substantial threats and problems for regional development, especially when a company lays off a large number of employees or closes down its production plant in the region. The consequences and impacts of the problems arising from abrupt structural change are assessed from the perspective of the region’s employment situation, industrial operations and business structure.https://tem.fi/en/abrupt-structural-change-arm-
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On 12 May 2016, the Government appointed a new Urban Policy Committee, which will be tasked with the coordination and development of the urban policy measures of different ministries. Its objective will be to strengthen partnerships between the Government, cities, and urban regions, to promote the ability of urban regions to renew, as well as their competitiveness, social sustainability and capacity to deal with challenges related to climate change.https://tem.fi/en/urban-policy-committee