How Finland ranks within EU countries
Total investment
October 2019
- Total financing under the European Fund for Strategic Investments (EFSI) in Finland amounts to €2.1 billion and is set to trigger €8.8 billion in additional investments
Infrastructure and innovation projects
- 33 approved projects financed by the European Investment Bank (EIB) with EFSI backing
- around €1.8 billion in total financing
- set to trigger €7 billion in total investment
Small and medium enterprises (SMEs)
- 9 approved agreements with intermediary banks or funds financed by European Investment Fund (EIF) with EFSI backing
- €347 million in total financing
- set to trigger around €1.9 billion in investments with some 7,415 SMEs and mid-cap companies expected to benefit from improved access to finance
Examples of projects supported by the Juncker Plan in Finland
A €500 million loan is supporting Finnish telecoms and software company Nokia’s plans to invest in research and development of 5G technology, the next-generation mobile telecommunication standard. 5G is at the very forefront of innovation and therefore requires heavy investment due to its ground-breaking and future-looking nature. 5G networks will provide the future backbone of our societies and economies, connecting billions of objects and systems, including sensitive information and communication technology systems in critical sectors. It could power on-demand virtual reality and augmented reality experiences, driverless vehicles, medical monitoring, advanced industrial automation services, and other applications.
Kemira is a company based in Espoo, Finland, which develops solutions for water treatment. A €40 million loan will support the development of new products and technologies for the pulp and paper industry, municipal and industrial waste-water treatment, as well as the mining industry. Kemira is committed to investing in the circular economy and minimising waste generation. Its long-term collaboration with universities, institutes of technology and research institutes and the group’s own research centres’ development projects form the foundation of its R&D activities in areas such as formulation science, water treatment and nanotechnology.
Preventing chronic diseases: NIGHTINGALE HEALTH
Nightingale Health is an innovative blood analysis company in Finland whose technology makes it possible to measure a person’s complete health status using a single blood sample. With a €20 million EIB loan under the Juncker Plan, Nightingale will accelerate its research and development activities with the aim of improving prediction and prevention of chronic diseases. By identifying a risk of developing certain chronic diseases, patients can take medication or make lifestyle changes earlier on to slow and prevent disease progression.
Job-training for migrants and refugees: EPIQUS
The European Investment Fund is investing €10 million into a social impact bond scheme that will support the integration of between 2,500 and 3,700 migrants and refugees into the Finnish labour market by providing training and job-matching assistance. The scheme is with Epiqus, a Finnish fund manager that specialises in social impact investments, and the Finnish Ministry of Economic Affairs.
Energy efficient buildings: SATO
The EIB is providing €150 million in financing for new near-zero-energy buildings (NZEB) and renovation investments to improve energy efficiency of existing buildings in the Helsinki metropolitan area. The project will lower CO2 emissions as well as energy consumption, lowering consumers' bills.
Full list of EFSI-backed projects approved by the EIB
Full list of EFSI-backed agreements with financial intermediaries signed by the EIF
