Changes to the project
Even in a well-planned project, the person in charge may change, the project needs more time, or the project's cost estimate changes. The company implementing the project may need a business arrangement, such as a merger with another company. It is possible to appeal to the terms and conditions of the loan granted by Business Finland if the results of the project cannot be utilised in accordance with the set objectives. You will need Business Finland's consent in advance for most changes, but in some cases a simple notification is sufficient.
Business Finland's customer and loan change processing is congested. We will do our best to forward the change requests, but we are unable to give estimates of processing times. We apologize for any inconvenience caused by the congestion.
Changes in project execution
Please submit a change request immediately in the Changes section of the online service when you notice a need for changes during the duration of your project. You can apply for several change items with the same application.
- Timetable
- Personnel changes: project accountable leader, contact person and contact person for the cost statement. If the project accountable leader changes, read the instructions in the section Changing project managers
- Cost estimate
- Financing plan
- Project plan
- Project conditions
- Postponement of reporting deadline
- Change of bank account details for companies and public actors *)
In the Other changes section, you can also report the following changes, among others:
- Change in the project’s terms of implementation
- Project suspension
- Change in the steering group of a public research project
The change application can be submitted by the responsible manager of the project or by a person who has a right of exclusive representation entered in the Trade Register or a right of representation separately notified to Business Finland.
*) Change of bank account details for companies and public actors
Only a person with the right to exclusively represent the organization can submit a change request. If, according to the articles of association registered in the Trade Register, the company name is written by two or more people together, the account number is reported on form Y1, which can be found on the website.
The new account number will only be updated for this project. The change must be made for each project separately.
Any change in account number for public research organizations must be agreed separately with Business Finland.
Changes that cannot be reported in the online service:
Changes in the organization (such as significant changes in ownership, transfer of a funding decision)
Changes in loan funding (such as extension of the loan period)
These changes can only be reported by secure email.
If, due to the change, your organisation does not currently have a person who could submit an application through the online service, use the form. When using the form, always attach a sanctions questionnaire to the customer and loan change application.
Persons in charge of the project will change
Make a change of persons in charge in the e-service
If the project manager, contact person or cost accounting contact person changes, you can make the change in the e-service. Only the responsible manager of the project and persons who have the right of representation entered in the Trade Register have the right to make personnel changes. The person to be added must be registered as a user of the online service.
Make the change on the project's 'Changes' tab. The change of the contact person and the contact person for the cost statement will take effect as soon as you have submitted the change application. The change in the responsible manager in the e-service will enter into force once the matter has been processed by Business Finland. This will be notified to the project managers.
Please make sure that all persons responsible for the project have the right to act on behalf of the project.
Account number changes
Notify us of a change of account number by secure email
If the account to which the project funding is paid changes, report the new account number by sending the signed Y1 form to Business Finland's registry by secure email. The notification requires an official signature from the organisation.
Send the form by secure mail to Business Finland's registry
The change in the bank account number of organisations receiving public research funding must be agreed separately with Business Finland.