Updating report on business cost support (first round of applications, July—August 2020)

The previous day’s information is updated in the report below every weekday. The report indicates the date of the last update. The report provides information on the number of applications, the processing situation and the decisions made.

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Unfortunately, the report is currently only available in Finnish.

Read the interim report of cost support (unfortunately, the report is currently only available in Finnish):
Kustannustuki: Katsaus haun päätyttyä >

Information on cost support and decisions

An electronic application for fixed-term business cost support opened on July 7th 2020. The application period ended on August 31.

During the application period, the State Treasury received 12,856 applications for cost support.

By September 2, 12,103 applications has been resolved. The average processing time has been 1-4 days. The processing time for applications requiring more work has been about a week. By now, approximately 110 million in cost support has been paid.

Why were there applications rejected?

The State Treasury grants cost support on the basis of conditions specified by law.

Most of the rejected applications were rejected because the amount to be paid was less than 2,000 euros. According to the law, the minimum support to be paid is 2,000 euros.

Some of the applications were rejected because the company applying for support worked in a field that is not covered by the act and had not provided justification for the application. If the company’s main field is not covered by the act, by law the support can only be granted for particularly serious reasons related to the corona pandemic and reported by the company.

Some of the companies that applied for support had received support from another source. By law, part of the aid granted by other actors is deducted from the cost support, in which case there may not be cost support left to pay. In some of the applications, support was applied for on the basis of costs which, according to the law, are not reimbursable fixed costs.