The application for cost support started at the State Treasury today, 17 August at 9:00. The application period ends on 30 September at 16:15.
You do not have to apply for a cost support as soon as the application opens. The support is provided for by law, so all companies that meet the conditions for receiving the support and apply for it by the deadline will receive it.
The support is conditional on a reduction in turnover
The support is intended for companies whose turnover has fallen significantly as a result of the COVID-19 pandemic and whose wages and other costs for the support period (March 1 – May 31, 2021) are difficult to adjust.
There are four conditions for receiving a cost support:
- the company’s own turnover has decreased by more than 30% compared to the reference period
- the company has at least €2000 eligible costs for the support period
- the company has a business ID
- the company is registered in the prepayment register
The sectors covered by the support are defined in the Government Decree. The list of sectors targets the support to companies affected by the the COVID-19 pandemic. However, if the company’s business is not covered by the Decree, the company can apply for a cost support if its turnover has fallen by more than 30% compared to the reference period due to the corona pandemic.
The State Treasury and business counselors help
The State Treasury’s website at applycostsupport.fi contains a wealth of information, frequently asked questions and comprehensive instructions for filling in the application. In addition, applicants have a cost support calculator that allows them to estimate the amount of support to be paid.
The State Treasury also works with business advisors from the Alueesi korona-apu -network. Entrepreneurs can get help from business counselors on issues related to cost support applications.