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Factsheet for measure FI-2023-40/3284 – measures in Finland

Grants to promote green transition investment projects in municipalities and regions

Avustushaku vihreän siirtymän investointihankkeiden edistämiseksi kunnissa ja maakunnissa

Country Finland , applies nationwide
Time period Temporary, 05 October 2023 – 12 January 2024
Context Green Transition
Type Other initiatives or policies
Category Promoting the economic, labour market and social recovery into a green future
– Financing the green transition
Author Mikael Lundqvist
Measure added 09 October 2023 (updated 09 January 2025)

Background information

The grant promotes the green transition and the goals of the government program for Finland's carbon neutrality and a significant increase in clean energy production.

The purpose of the grants is to increase resources for the planning and permit procedure of investment projects supporting the green transition and thus speed up the implementation of the projects.

The Ministry of the Environment grants state grants according to applications based on the State Grants Act (688/2001).

The grants are special grants. Part of the allocation (€0.7 million) comes from the European Union's NextGenerationEU funding (recovery and recovery support instrument, RRF) from Finland's sustainable growth program.

NextGenerationEU funding is primarily granted for the planning, permit procedure and related investigations of green transition investment projects financed from the recovery instrument.

Content of measure

The grant is eligible for municipalities and regional councils in Finland for purposes of planning, licensing and performing studies related to innovation projects promoting green transition. The applicant should be able to cover a minimum of 30% of the projects with other funding.

A total of around €1.1 million can be distributed.

These investments should directly or indirectly contribute to emissions reductions, the reduction of resource use and the circular economy.

The projects can cover for instance renewable energy and new energy solutions, low-carbon hydrogen and carbon capture, electrification and low-carbonisation of industrial processes, reuse and recycling of key materials and industrial side-streams.

Projects must comply with the "do no significant harm" principle.

Use of measure

In three previous rounds of the grant, The Ministry of the Environment awarded grants to 60 projects, totalling around €3.3 million.

Target groups

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

Actors and funding

Actors Funding
National government
Local / regional government
National funds
Other
National Recovery and Resilience Facility

Social partners

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:

  • Unknown
  • Main level of involvement: N/A

Involvement

Involvement by social partners in the adoption and implementation of the measure is not known.

Views and reactions

No available information.

Sources

  • 05 October 2023: Kunnille ja maakunnille tarjolla yli miljoona euroa avustusta vihreän siirtymän investointihankkeiden edistämiseen (ym.fi)

Citation

Eurofound (2023), Grants to promote green transition investment projects in municipalities and regions, measure FI-2023-40/3284 (measures in Finland), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/FI-2023-40_3284.html

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