A specialised State-owned financier, Finnvera supplements the financing offered to enterprises by banks. By virtue of the State’s commitment to compensate for credit and guarantee losses, Finnvera can take considerably higher risks in the financing of starting and growing enterprises, and can promote the establishment and growth of these enterprises in line with the government’s industrial policy goals.
Each year, the Ministry of Trade and Industry sets ownership and industrial policy goals for Finnvera in four areas, which are employment, enterprise, industrial and regional policies, and exports. The employment goals derive from the government’s programme and are affected by Finnvera’s authorisation to grant domestic financing.