Social responsibility is the starting point of Finnvera’s operations. Finnvera is a specialised financing company and an industrial policy actor owned by the State of Finland. Its tasks are defined in the laws passed when the company was founded in 1998. Supplementing the financial market, Finnvera strengthens the prerequisites for the operations of Finnish enterprises during start-up, growth and internationalisation as well as in exports.
Each year the Ministry of Trade and Industry defines goals and indicators for Finnvera; these are used to monitor how well the company has succeeded in its basic functions. These indicators include: allocation of financing to starting enterprises and growth enterprises; the number of new jobs created in these enterprises; and the amount of financing targeted at areas eligible for support on regional policy grounds.
One premise in Finnvera’s operations is that, as a provider of financing supplementing the market, the company can take higher risks than commercial financiers operating on market terms. For its part, Finnvera is also responsible for ensuring that the system for financing exports remains competitive.
Another reflection of Finnvera’s social responsibility is the goal of self-sustainability set for the company and the level defined for the income-expense ratio.
Finnvera’s objective of being an Expert Esteemed by Clients crystallises the company’s value base. When the company was founded, the central elements of this value base were defined as follows: trust and honesty; benefits to clients; being a forerunner; profitability and effectiveness; and constant development of competence.
In accordance with its vision, Finnvera promotes the competitiveness of Finnish enterprises, enabling the optimum financial solutions for their start-up, growth and international success. The cornerstone of the company’s strategy is the updating of services so that Finnvera can continue to provide good service for enterprises with a variety of needs.