 General
Enterprise
Finland - Public Business Financing
Employment
and Economic Development
(T&E) Centres
Finnvera:
Financial services for
SME's
Employment
and Combination Subsidy for Employers
Additional
Links
This
section focuses on public authorities, agencies and
organizations which assist in development and financing
of Finnish enterprises, in particular small and medium-sized
enterprises (SME's).
Small and medium-sized
enterprises (SME's)
A small and medium-sized enterprise is a
firm with less than 250 employees and either an annual turnover
of maximum € 40 million or a balance sheet total of
maximum € 27 million. Businesses larger than this may
not own more than 25% of the capital of an SME.
A small business is defined as a firm with
less than 50 employees and either an annual turnover of maximum € 7
million or a balance sheet total of maximum € 5 million.
Businesses larger than this may not own more than 25% of
the capital of a small business.
Public financing
Public financing is primarily intended for
Finnish enterprises (i.e. those registered in Finland). The
principal objects of financing are investments by small and
medium-sized businesses (SME's), as well as various development,
research and product development projects. Funding may take
the form of a subsidy, loan or guarantee. The enterprise’s
equity may be strengthened by means of capital investment,
loans and guarantees.
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Enterprise
Finland - Public Business Financing
Direct links to Enterprise
Finland. Please note expanded
menus on linked pages.
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T&E
Centres:
Employment and Economic Development Centres
T&E
Centres assist businesses throughout their life-cycle.
They provide businesses and future entrepreneurs governmental
financing and development services. They combine the regional
services of the Ministry of Trade and Industry, the Ministry
of Agriculture and Forestry and the Ministry of Labour,
and offer expert services in matters relating to the National
Technology Agency TEKES, Finpro, the National Board of
Patents and Registration of Finland and the Foundation
for Finnish Inventions.
T&E Centres help to set up, expand and
develop competitive businesses. All of the centres offer
a wide range of specialist services for each phase of the
corporate life-cycle, including management and personnel
training and consultation. The T&E Centres also organize
training for the enhancement of personnel's vocational skills
and recruitment.
T&E Centres finance those investments
that will improve the competitiveness of businesses and that
can be seen to have an important impact on employment, internationalisation,
productivity or improved local business structure.
Visit
T&E Centres site
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Finnvera:
Financial services for SME's
Finnvera
Plc is a specialised financial and export credit guarantee
company providing risk financing to enterprises with a
sound business idea and preconditions for profitability
when a company has insufficient collateral to raise funds
for investments and development projects.
All sizes of enterprises and all business
sectors, with the exception of basic agriculture, are eligible
for Finnvera financial services. Finnvera's product portfolio
covers all development stages of an enterprise, ranging from
loans and guarantees for start-up and micro-enterprises to
export credit guarantees for large Finnish exporters and
their financiers.
Visit
Finnvera Plc site
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Employment
and Combination Subsidy for Employers:
Ministry of Labour Employment Office
Employment subsidies are primarily used
for providing employment to the long-term unemployed, the
handicapped, young people under 25 and unemployed people
threatened by long-term unemployment or dropping out of the
labour market.
The subsidy is available to Government authorities and services,
municipalities, enterprises and any other private sector
employers, such as associations, foundations and households.
Ministry
of Labour: Employment Service
Ministry
of Labour: Contact Information
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