Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure FI-2020-21/1667 – measures in Finland
Country | Finland , applies nationwide |
Time period | Temporary, 18 May 2020 – 30 June 2021 |
Context | COVID-19 |
Type | Legislations or other statutory regulations |
Category |
Supporting businesses to stay afloat
– Direct subsidies (full or partial) or damage compensation |
Author | Amanda Kinnunen (Oxford Research) and Eurofound |
Measure added | 07 January 2021 (updated 18 January 2021) |
As a result of the COVID-19 pandemic and the market disruptions caused by it, the financial situation of many enterprises in agriculture has deteriorated.
In order to support these enterprises, a temporary subsidy for small agricultural enterprises was created. The legal basis for this subsidy is the Government Decree 367/2020 on temporary support for rural enterprises (Valtioneuvoston asetus maatalouden yritysten väliaikaisesta tuesta 367/2020).
This grant is available for enterprises that sell and process agricultural products. Only enterprises that employ less than 10 people and whose turnover is up to €2 million are eligible for this grant.
The grant covers up to 80% of the essential expenses such as wage costs and rent. The grant covers up to six months of essential expenses and it can be applied retroactively from March 2020. The amount of this grant is between €2,000 and €80,000.
The grant is administrated by the Centre for Economic Development, Transport and the Environment. There are separate grant schemes for primary production and fisheries.
As of 23 August 2020, 322 enterprises had applied for this support. The total amount granted was approximately €2,8 million.
Workers | Businesses | Citizens |
---|---|---|
Does not apply to workers |
Sector specific set of companies
|
Does not apply to citizens |
Actors | Funding |
---|---|
National government
|
National funds
|
Social partners' role in designing the measure and form of involvement:
Trade unions | Employers' organisations | |
---|---|---|
Role | Unknown | Unknown |
Form | Not applicable | Not applicable |
Social partners' role in the implementation, monitoring and assessment phase:
No information available.
No information available.
This case is sector-specific (only private sector)
Economic area | Sector (NACE level 2) |
---|---|
A - Agriculture, Forestry And Fishing | A1 Crop and animal production, hunting and related service activities |
This case is not occupation-specific.
Citation
Eurofound (2021), Direct subsidy for rural enterprises negatively affected by the COVID-19 pandemic, measure FI-2020-21/1667 (measures in Finland), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/FI-2020-21_1667.html
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30 January 2023
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