New state capital investment company
It was agreed in the Government Programme of Prime Minister Orpo that the State’s domestic capital investment and business financing activities will be enhanced by merging Business Finland Venture Capital Oy, Ilmastorahasto Oy (Climate Fund) and Oppiva Invest Oy under the ownership of Finnish Industry Investment Ltd.
The situation concerning the new investment company’s capital and the need for capital as well as the legislation applying to the company will be evaluated as a whole with the aim of creating an effective tool with a clear task and objective to boost company growth.
A separate report on the Finnish Fund for Industrial Cooperation (Finnfund) will be completed in January 2024.
The Government will submit its proposal on a new capital investment company to Parliament in spring 2024. The company will start operations on 1 January 2025.
Inquiries: Commercial Counsellor Kari Virtanen, tel. +358 295 047 707, [email protected]