Factsheet for case FI-2020-14/448 – Updated – measures in Finland
|Country||Finland , applies nationwide|
|Time period||Temporary, 31 March 2020 – 08 June 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Amanda Kinnunen (Oxford Research) and Eurofound|
|Case created||10 April 2020 (updated 06 October 2020)|
Regional ELY Centers (Centers for Economic Development, Transport and Environment) provide various types of business services (e.g. business development aid, business environment development aid, regional transport subsidies and business development services) for Finnish companies. Companies can apply to these services as usual.
In addition to the regular forms of business services, ELY Centers now grant business development aid for small companies affected by the outbreak of COVID-19. As part of its first supplementary budget, the Government increased ELY Centers grant authorisations for business development projects by €50 million.
Business development aid granted by ELY Centers is available for companies that:
Business development aid can be granted either for conducting a situation analysis or carrying out development measures.
Aid granted for conducting a situation analysis covers up to 80% of the costs with a maximum amount of €10,000. Aid granted for carrying out development measures covers up to 80% of the costs with a maximum amount of €100,000.
As of 28 August 2020, approximately 21,000 companies had been granted development aid. Approximately 9,000 applications had been rejected.
In total €295 million has been granted to the companies. The average amount granted for conducting a situation analysis was around €6,000. The average amount granted for carrying out development measures was around €33,000.
||Does not apply to businesses||Does not apply to citizens|
Public support service providers
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
There is no information regarding whether and to what extent the social partners have been involved in planning out this measure.
No information available.
Eurofound (2020), ELY centres' business development aid to micro companies , case FI-2020-14/448 (measures in Finland), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.