Investment aid granted for five major clean transition industrial projects
As part of the economic policy measures introduced by Prime Minister Petteri Orpo's government, Business Finland opened a funding call in January 2025 for investment aid targeting large-scale industrial projects aligned with the clean transition. Now, the first funding decisions have been made, and investment aid has been granted to five projects.
The rationale behind the aid scheme for industrial investments aimed at a climate-neutral economy lies in the intensifying competition for investments between countries. The aid ensures the realization of key industrial investments in Finland.
Investment aid can be granted for reducing emissions and saving energy in industrial production processes, as well as for the production of key equipment and components related to the clean transition, such as battery materials. The aid was directed at investment projects with minimum costs of €30 million.
The following companies were granted investment aid:
- Atria EUR 24,7 million
- Easpring Finland New Materials EUR 115,4 million
- Fazer Makeiset EUR 19,5 million
- Fortum Battery Recycling EUR 84,6 million
- Metsä Tissue EUR 19 million
"Investments are the foundation of economic growth, and we are delighted by the industrial sector's enthusiasm to make investments aimed at a climate-neutral economy. With these funding decisions, investment projects can now move from the planning phase to implementation, launching initiatives that benefit extensive value chains across Finland," says Lassi Noponen, Director General of Business Finland.
Significant interest in funding
The total amount of applied aid reached EUR 716 million. Business Finland's share of the aid is determined under a Government Degree and accounts for 15–30% of the total investment costs.
"We had numerous discussions with companies, and eventually, 16 companies submitted their applications for funding processing. There was considerable interest, given the conditions of the aid framework. Funding decisions were now made for the majority of applicants, while the evaluation of a few applications will continue in the fall," explains Sini Uuttu, Program Director at Business Finland.
"The investment aid is discretionary, and its allocation considered factors such as the technical and financial feasibility of the investment project, its environmental impact, and its effects on employment and the regional economy. Additionally, the investments must meet several technical criteria defined in the EU state aid framework. Projects are starting in all categories for which funding was available," Uuttu adds.
The funding decisions were made by Business Finland based on the Government Degree governing such support, after consultation with the Ministry of Economic Affairs and Employment. The aid is based on EU’s temporary state aid programme, which provides member states the flexibility to adapt their economies and energy markets to the crisis caused by Russia’s war of aggression.
In addition to the investment aid, major industrial investments aimed at a climate-neutral economy are also being supported through tax credit. Tax credit applications can be submitted to Business Finland until August 29, 2025, with decisions made by the end of 2025.
Further Information
Sini Uuttu
Program Director
Business Finland
sini.uuttu (at) businessfinland.fi
+358 50 5577 934
Information on the Investment aid is available on Business Finland’s website.
