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
organisations 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 organise 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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