Business development aid
- Nationwide except the Åland Islands
- Public service
Business development aid is granted on a discretionary basis and intended as a financial instrument when the company launches a development project that is different from its normal operations. Business development aid can be granted to fund the company's development efforts, such as internationalisation, product and service development and investments. Investment means either tangible or intangible investment. Tangible investment is the acquisition of land, buildings, plant, machinery and equipment. Intangible investment is the acquisition of software, manufacturing rights, patents, know-how and unpatented technical knowledge.
Aid is granted on the basis of the evaluation of the company and the project, taking into account how the aid will affect the growth, profitability and long-term competitiveness of the company and the competitive situation in the industry. Corporate funding from the ELY Centre is also aimed at achieving maximum impact on the vitality of regions and the development of economic activities.
Development aid can help to develop the already existing business or create a completely new business for the company. Other objectives might be to provide better opportunities for exports and internationalisation or to seek growth through the development of new products, services or production methods. The company can pursue new markets or explore new business opportunities.
The company must draw up a development project plan that includes proposed actions with a timetable and costs and the results sought by the project. The plan can be discussed with the ELY Centre during the drawing-up stage.
Do the following
- Before submitting your application, you should outline the content of the development project as well as examine the availability and sufficiency of other own funds required for the project. We also recommend contacting an expert of the ELY Centre in your region and discuss the eligibility for funding the project before submitting the application.
- You can apply for development aid using the online application submission service (Yritystukien sähköinen asiointi).
- Apply for payment of the development aid using the online application submission service (Yritystukien sähköinen asiointi).
General advice on development aid and related online advice is also provided by Enterprise Finland’s national telephone service.
To whom and on what terms
Business development aid is granted by the government on a discretionary basis. It can be granted to SMEs that pursue the comprehensive and significant development of their operations and that meet the requirements for profitable business and have sufficient own resources for development measures to improve competitiveness.
The company can be compensated for up to 50% of the labour, consulting, travel, exhibition and other expenses related to development measures and used as the basis for the aid. Investments in the project can be supported with 10–35% of the expenses used as the basis for the aid, depending on the company's size and location.
The aid must be applied for before the project is started. It should be noted that, for example, the conclusion of a contract relating to the project, the placing of an order, the delivery of an order, a payment for a purchase or any other commitment that makes the project irreversible constitutes the start of the project. Preparatory work done for the project, such as planning, obtaining permits and feasibility studies, is not considered as the start of the project.
Business development aid cannot be granted to a fishery, farm or forest holding. Nor can it be granted for the processing of agricultural products and for marketing operations. In addition, such aid cannot be granted for investments in the energy and transport sector.