RD&D Policies
Updated: 07.01.2019
Author: Karl Wikberg
Grants are available for research and development projects that involve the generation of renewable energy or the application of RES technologies (§ 5 Decree No 1063/2012). Among other costs, the costs for preparation, administrative planning costs are eligible for subsidies (§ 6 ff. Regulation No. 1063/2012).
Addressees
The entities entitled to subsidies are companies, municipalities and communities (“Yhteisö”). Support cannot be allocated to farms, housing corporations, residential properties and construction projects benefiting from state aid. If the project is carried out in cooperation between several companies, municipalities or communities, the support will be allocated to the entity, which has the role of the coordinator (§ 6 Regulation No. 1063/2012). According to the Ministry of Employment and the Economy, of private organisations and legal entities like strategic alliances, federations, associations and foundations are eligible.
Competent authority
The Ministry of Economic Affairs and Employment is responsible for investment projects where costs exceed € 5,000,000 and for research projects with costs beyond € 250,000. The Ministry equally deals with projects using new technologies. Other project applications are dealt by Tekes (Finnish Funding Agency for Innovation) (§4 Decree No. 1063/2012).
Further information
Finland