We have gathered below a set of official information sources in English for businesses for obtaining support and financing in Finland amid the COVID-19 situation. Entrepreneurs need to keep in mind that most of the possibilities for obtaining funds relate to business development and is not meant for substituting decreased cash flow.
- Ministry of Economic Affairs and Employment in Finland
- Q&A regarding the corona virus and business financing – https://tem.fi/en/questions-and-answers-regarding-the-coronavirus-and-business-financing
- Information for businesses with external links – https://tem.fi/en/information-on-coronavirus
- Centres for Economic Development, Transport and the Environment (ELY-keskus)
- Business development financing for companies with 1-5 employees (only on Finnish) – http://www.ely-keskus.fi/web/ely/poikkeusrahoitus
- Instructions of the application process (only in Finnish) – http://www.ely-keskus.fi/documents/10191/3519054/Ohje_poikkeusrahoitushakemus.pdf/a5154061-d296-4c5a-aaac-d404b2816027
- Finnvera
- Finnvera’s solutions for financing needs in the current exceptional situation – https://www.finnvera.fi/eng/growth/current-news-for-smes/current-news-for-smes
- Start Guarantee – https://www.finnvera.fi/eng/products/guarantees/start-guarantee
- SME Guarantee – https://www.finnvera.fi/eng/products/guarantees/sme-guarantee
- Finnvera Guarantee – https://www.finnvera.fi/eng/products/guarantees/finnvera-guarantee
- Finnvera Guarantee fast track – https://www.finnvera.fi/eng/growth/finnvera-guarantee-s-fast-track-procedure/finnvera-guarantee-fast-track
- Bridge financing for the period preceding the payment of grants – https://www.finnvera.fi/eng/products/loans/bridge-financing-for-the-period-preceding-the-payment-of-grants
- Business Finland
- Funding for business development in disruptive circumstances (for companies with a min of 6 employees) – https://www.businessfinland.fi/en/for-finnish-customers/services/funding/disruptive_situations_funding/
There is discussion about municipalities providing support to solo entrepreneurs as well, but the official procedure is not yet developed by the date of publishing this page. We will update the information, as it becomes available.
- NewCo Helsinki
- Helpful links for entrepreneurs in the coronavirus situation – https://newcohelsinki.fi/en/corona/
- Finnish Tax Administration
- Coronavirus – current updates – https://www.vero.fi/en/About-us/newsroom/corona-situation/
- The Finnish Tax Administration supports businesses during the corona pandemic – https://www.vero.fi/en/About-us/newsroom/corona-situation/the-finnish-tax-administration-supports-businesses-during-the-corona-pandemic/
- Coronavirus and the paying of taxes Q&A – https://www.vero.fi/en/About-us/newsroom/corona-situation/coronavirus-and-the-paying-of-taxes/
- You can request a payment arrangement for your company with eased terms starting 25 March – https://www.vero.fi/en/About-us/newsroom/corona-situation/you-can-request-a-payment-arrangement-for-your-company-with-eased-terms/
- Meal benefits can be temporarily used for delivery costs – https://www.vero.fi/en/About-us/newsroom/news/uutiset/2020/koronatilanne-ravintoetua-voi-tilap%C3%A4isesti-k%C3%A4ytt%C3%A4%C3%A4-my%C3%B6s-ruoan-kustannuskuljetuksiin/
- Helsinki Region Chamber of Commerce has a lot of information and instructions (also for employers), but it is only available in Finnish
- Koronainfoa yrityksille – https://helsinki.chamber.fi/neuvonta-ja-palvelut/koronainfoa-yrityksille/
- Trade unions – Employers can find useful information on the pages of their relative trade unions’ websites and information services.
When you need help or have questions regarding making your business crisis-proof, please contact our specialist via contact form.