New financing for companies impacted by COVID-19

Business Finland has pledged to help finance tourism-based companies and companies providing ancillary services to the tourism industry, the creative industries and all industries whose supply chains have been or are being affected by the COVID-19 epidemic.

The two new financial services are being launched on 19 March to help small and medium-sized businesses and mid-cap companies to develop new business opportunities and models. The funding will enable the companies to identify and plan for new businesses, replacement supply chains, and the reorganisation of production and work practices during and after the disruption caused by COVID-19.

“Business Finland’s funding will help companies find solutions in exceptional circumstances and also prepare for other potential crises in the future,” said Reijo Kangas, director of Business Finland.

Companies that operate only in Finland and don’t normally qualify as Business Finland customers are also eligible to receive this funding.

Companies can apply for the funding starting on 19 March, and the funding decisions will be made by Business Finland. Read more about the services.

Good News from Finland is published by Finnfacts which is part of Business Finland.