Where can SMEs get assistance?

We put together a list of places that offer assistance and financial support for small and medium-sized businesses.

We want to help your business get back on its feet  and have put together a checklist to help you find financial support for your company.

Financial assistance and grants

A number of institutions offer assistance and concessions for companies whose business has suffered due to the coronavirus pandemic. Learn more about your options.

Financial assistance: Sole traders working full time can apply for assistance due to financial difficulties from local authorities of the company’s place of residence. The assistance is granted to cover business expenses. The amount of the allowance is 2,000 euros. The allowance is for a fixed term and may be applied for until the end of September.

Temporary labour market subsidy: Sole traders can also apply for a temporary labour market subsidy if their full time work in the company has ended or their entrepreneurial monthly income is less than 1,089.67 euros due to the epidemic. Sole traders do not need to disband their business to receive the subsidy. Learn more >



Regional Centres for Economic Development, Transport and the Environment (ELY Centres) grant coronavirus relief funding for companies of up to five employees that suffer market and production disruptions due to the pandemic. The funding is granted as a one-off measure for either carrying out a situation analysis or for business development measures. 

As of 13 May 2020, the Government has decided that the application period for development funding granted by ELY Centres will close when the government proposal on the new form of relief funding is issued.

Learn more >

Funding by Business Finland is intended for SMEs operating in Finland whose business has suffered as the result of the coronavirus. Companies can use the funding to develop new products or business models. 

As of 13 May 2020, the Government has decided that the application period for development funding granted by Business Finland will close when the government proposal on the new form of relief funding is issued. Learn more >

The state-owned private equity firm Tesi has launched a stability programme to invest in mid-sized companies with more than 50 employees in Finland that experience sudden and temporary difficulties due to the coronavirus. Learn more >

Startup grants in lieu of unemployment benefits: Self-employed persons entitled to a startup grant can receive the grant also for days on which the recipient was unable to work in the business due to the coronavirus. The policy applies to startup grants paid for the period from 16 March to 30 June 2020. Learn more >

Maximum length: The maximum period for receiving a startup grant has been temporarily extended from 12 to 18 months. The extension must be applied for from the TE Office. The change is in effect from 1 May 2020 until 30 June 2021. Learn more >

Funding to offset costs for businesses of all industries: As of 13 May 2020, the Government has decided on proposing a new form of funding to offset costs that will be available to all businesses regardless of industry. The funding is intended for companies whose net sales have declined significantly due to the coronavirus and have costs that are difficult to adjust to the decline in revenue. It is focused on supporting companies and industries that have suffered the most from the coronavirus. Associations and foundations engaged in business operations are also eligible for the funding. 

The funding may be received for up to two months. Companies can apply for the funding even if they have already received other direct forms of financial support due to the coronavirus, but these are deducted from the funding. The details of the funding will be decided in the near future. A new law on relief funding to offset costs is planned to come into effect as soon as possible. Learn more >

Restaurants and catering businesses: On 8 May 2020, the Government proposed to Parliament a new law on providing re-employment support and compensation for lockdown measures to restaurants and catering businesses. Learn more >


Self-employed persons are entitled to three months’ extension on mandatory YEL insurance premiums. The exception applies to pension payments that fall due from 20 March until 30 June 2020. Learn more >



Instructions for businesses by the Finnish Tax Administration

The Tax Administration supports companies during the coronavirus crisis. The Tax Administration website lists instructions for businesses and self-employed persons experiencing difficulties reporting and paying taxes due to the coronavirus.

Prepayment taxes: If your business income has dropped due to the coronavirus, you should adjust your amount of prepayment. The amount can be changed multiple times over the course of the year. 

Tax returns: If necessary, you can apply for an extension on filing your company’s income tax return or real estate tax return. 

Value added tax returns: The fee for late payment may be waived, but no extension is granted on filing the returns.

Refunding value added tax: The Government is currently preparing a law allowing companies to request to be refunded their value added taxes paid in early 2020. This is a form of a loan, as the refunded value added taxes must be paid back within two years.

Financial difficulties: You can apply to the Tax Administration for a payment plan in temporary financial difficulties.

Learn more >


OP’s support measures for companies

We can help your company get through difficult times. The Supporting Finland together website lists all support measures for companies offered by OP. Learn more >

Our corporate customers can apply online for a repayment holiday. The condition for granting the repayment holiday is that the company’s business has suffered as the result of the coronavirus pandemic. Learn more >

You can also get relief for the repayment schedules of personal loans (such as a home loan). Learn more >

Pohjola Insurance offers payment term extensions for corporate customers that suffer financially as a result of the coronavirus. Learn more >

SMEs can apply online to receive funding for various needs related to capital investments, working capital and product development. Finnvera may guarantee 80 per cent of bank loans of up to 1 million euros. Learn more >



Where can businesses receive advice?

Enterprise Finland Talousapu counselling service advises businesses suffering from financial difficulties. The counselling service is available nationwide at +358 2950 24880 (weekdays 9.00–16.00). Help is also provided by: