European Foundation
for the Improvement of
Living and Working Conditions

The tripartite EU agency providing knowledge to assist
in the development of better social, employment and
work-related policies

EU PolicyWatch

Database of national-level policy measures

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-2021-16/2093 – measures in Finland

Business Finland and Recovery and Resilience Facility funding

RFF-rahoituskokonaisuus Business Finlandissa

Country Finland , applies nationwide
Time period Temporary, 16 April 2021 – 31 December 2023
Context COVID-19, Green Transition, European Semester
Type Other initiatives or policies
Category Reorientation of business activities
– Change of production/Innovation
Author Amanda Kinnunen and Elina Härmä (Oxford Research)
Measure added 13 December 2021 (updated 07 July 2023)

Background information

Through EU's support instrument RFF - Recovery and Resilience Facility (RRF), Finland will be granted approximately €2 billion to support sustainable growth and recovery. In Finland, the funding will be used to boost competitiveness, investments, competency of the workforce as well as research and innovation.

In Finland, the state-owned innovation and internationalisation service provider Business Finland is responsible for granting €530 million of this funding.

The guiding document for this funding is the Sustainable Growth Programme for Finland.

Content of measure

The RFF- funding administrated by Business Finland supports Finnish companies' research and innovation activities and promotes sustainable development.

Business Finland's RFF-funding divided into several separate instruments. These include for instance targeting companies developing and manufacturing batteries, health and wellbeing technology, circular economy, sustainable and digital growth of the tourism industry and support for the creative sector.

The eligibility criteria for RFF-funding is that the measure funded through RFF shall follow the "Do No Significant Harm Principle". In other words, measures that are expected to cause significant harm on climate, hinder circularity etc. cannot receive funding through RFF.

Some parts of the funding have already opened, some will open in 2022 and 2023.

Use of measure

Between 2021 and 2023, almost €317 million worth of funding have been granted through the scheme. The biggest portion (31.6%) to leading companies, as a challenge for them to solve significant future challenges and to increase their research, development and innovation investments in Finland, according to the Business Finland website.

Target groups

Workers Businesses Citizens
Does not apply to workers Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
EU (Council, EC, EP)
Public support service providers
European Funds
National Recovery and Resilience Facility

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Consulted Consulted
Form Direct consultation outside a formal body Direct consultation outside a formal body

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: Peak or cross-sectoral level


According to the Finnish Sustainable Growth Programme, the social partners' were consulted during the design phase. There is no information available in regards to whether the consultation concerned the RFF-funding as a whole or whether the individual components of the funding were discussed.

Views and reactions

During the planning stage, the Confederation of Finnish Industries EK stressed the need to focus on innovation and renewing the economy, not just recovery. Hence, the funding should focus on innovations and boosting companies' competitiveness.

Akava, the Confederation of Unions for Professional and Managerial Staff in Finland, criticised in August 2021 the Government's plan to cut funding from research. Akava stressed that RRF-funding cannot be used to replace the regular research funding.


  • 08 October 2020: EU:n elpymispaketi ja Suomen kestävän kasvun ohjelma [EU's recovery package and Finland's sustainable growth programme] (
  • 27 May 2021: Suomen kestävän kasvun ohjelma: elpymis-ja palautumissuunnitelma [Finland’s Recovery and Resilience Plan] (
  • 25 August 2021: Määräaikainen rahoitus ei korvaa pitkäjänteisiä panostuksia tutkimukseen [Temporary funding does not replace long-term investments in research] (
  • 08 September 2021: Business Finland ja Suomen kestävän kasvun ohjelma [Business Finland and Finland's sustainable growth programme] (
  • 05 July 2023: Business Finland (2023) Funding granted database (


Eurofound (2021), Business Finland and Recovery and Resilience Facility funding, measure FI-2021-16/2093 (measures in Finland), EU PolicyWatch, Dublin,


Eurofound publications based on EU PolicyWatch

30 January 2023


Measures to lessen the impact of the inflation and energy crisis on citizens

Governments across the EU continue to implement policies to support citizens and businesses in the face of rising food and energy prices caused by the COVID-19 crisis and intensified by the war in Ukraine. This article summarises the policy responses as reported in Eurofound's EU PolicyWatch database from January to September 2022.


12 September 2022


First responses to cushion the impact of inflation on citizens

Although the worldwide pandemic situation had already disrupted supply chains and triggered increases in energy and food prices in 2021, the situation deteriorated in 2022 with the Russian invasion of Ukraine.


12 September 2022


Policies to support EU companies affected by the war in Ukraine

This article summarises the first policy responses that governments across the EU have started to implement to support companies affected by the rising prices, and those with commercial ties to Ukraine, Russia or Belarus.


5 July 2022


Policies to support refugees from Ukraine

This article summarises the first policy responses of EU Member States, including those of the social partners and other civil society actors, enabling refugees to exercise their rights under the Temporary Protection Directive.


Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.