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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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EU’s regional and structural policy The European Union's regional and structural policy (cohesion policy) aims to increase the Member States' economic and social cohesion as well as to reduce interregional development disparities. The enlargement ...https://tem.fi/en/eu-regional-and-structural-policy
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Structural change is normal part of regional economic development and business renewal. There have been major changes in Finland’s industrial structure over the last decade and tens of thousands of jobs have disappeared, especially in traditional industries. During the past few years, the ICT sector has also been severely hit by structural change.https://tem.fi/en/structural-change
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Applying for the EU’s regional and structural policy funding and implementing projects Applying for the EU’s regional and structural policy funding and implementing projects during programme period 2021–2027 and programme period 2014–2020 Processi...https://tem.fi/en/data-protection-applying-for-the-eu-s-regional-and-structural-policy-funding-and-implementing-projects
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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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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 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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Ministers Minister of Employment Matias Marttinen is the head of the Ministry of Economic Affairs and Employment. Minister of Employment is responsible for matters concerning the Employment and Well-Functioning Markets Department. The Department i...https://tem.fi/en/ministers
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Ministry of Economic Affairs and Employment Minister of Economic Affairs Sakari Puisto The Finns Party Minister of Economic Affairs Sakari Puisto is responsible for matters of the Innovations and Enterprise Financing Department at the Ministry of ...https://tem.fi/en/minister-of-economic-affairs
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Development of working life is a joint process Technological change and globalisation, various crises, demographic structure and climate change speed up the transformation of working life. A good, productive and ecologically sustainable working li...https://tem.fi/en/working-life-development
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29.1.2026 | The Government will provide targeted separate funding to South Karelia and Vakka‑Suomi for measures that promote re‑employment and improve skills. Both regions have faced an abrupt structural change (ASC, or ÄRM in Finnish) that has required regional action. In addition, the Ministry of Economic Affairs and Employment has decided to allocate European Regional Development Fund (ERDF) funding to impr...https://tem.fi/en/-/government-allocates-eur-2.25-million-in-targeted-funding-to-ease-abrupt-structural-change-in-south-karelia-and-vakka-suomi
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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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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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Innovative cities and corporations as builders of ecosystems The aim is to create internationally attractive and growth-generating innovation environments in Finland by 2030. This includes concluding ecosystem agreements between the central govern...https://tem.fi/en/innovative-cities-and-corporations
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The EU’s financial and development instruments for cities Supporting sustainable urban development During the EU’s cohesion policy period 2021–2027, a minimum of 8 per cent of the ERDF funds of each member state must be invested in focus areas sel...https://tem.fi/en/the-eu-s-financial-and-development-instruments-for-cities
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Innovation policy promotes growth and renews the operating environment Finland’s competitiveness and success in the global market are based on skills, new knowledge and innovations. Research, development and innovation activities (RDI) play an ess...https://tem.fi/en/innovation-policy
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19.5.2026 | The Ministry of Economic Affairs and Employment has submitted two applications to the European Commission to qualify for support from the European Globalisation Adjustment Fund (EGF). The support aims to help redundant workers find new jobs through learning of new skills and individual and locally targeted employment services.https://tem.fi/en/-/finland-applies-for-eu-aid-to-speed-up-re-employment-of-terminated-car-and-paper-industry-workers
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As an interim target for reaching climate neutrality by 2050, the EU wants to tighten the emission reduction target from 40% to at least 55% by 2030. Although it seems that the EU will exceed the original target, this constitutes a major change. In particular, the way emission reductions are implemented has a major impact on how much the transition will cost and how these costs will be distributed between countries.https://tem.fi/en/-/fit-for-55-what-are-the-best-ways-to-cut-emissions-
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24.4.2026 | Minister of Economic Affairs Sakari Puisto will represent Finland at a high-level conference on economic resilience and security of the EU’s eastern border in Vilnius on 24 April 2026.https://tem.fi/en/-/minister-puisto-to-attend-high-level-eastern-border-conference-in-vilnius
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Regions Finland is built on vibrant regions with their own strengths. Changes in the population, cause of work and entrepreneurial activity require regions and cities to be able to renew continuously. The Ministry of Economic Affairs and Employmen...https://tem.fi/en/regions