Business Development Grant
Funding can be used, for example, to develop new products and services, pilot new solutions, and develop business.
Economic Development Centres Fundings
Economic Development Centres Fundings
Find out your company’s opportunities for funding from Economic Development Centres (formerly ELY funding). Grants helps you apply for development grants, R&D funding and investment support.
Fundings for development, investments and growth
Fundings of Economic Development centres (Elinvoimakeskus) supports the development, investments and growth of SMEs. The funding can be used to accelerate product development, develop business and implement investments that improve the competitiveness of the company.
Grants helps companies identify suitable financing opportunities from theDevelopment Centres, plan development projects that are eligible for funding and successfully apply for financing.
We have worked with Development Centres and business support for almost ten years and have helped hundreds of companies utilize public funding to support growth and development.
Development Centres Fundings
From the beginning of 2026, corporate financing from ELY centres was transferred to the Development Centres, but many of the funding instruments are still the same as in previous ELY funding.
Investment Fund
Fund for business growth investments, such as production equipment, technology, expansion of production capacity and new business solutions.
Corporate Funding in rural areas
Fund for business development and investments in rural areas.
New R&D funding for SMEs
The aim of the funding is to increase companies' own R&D activities.
For who is funding from the Economic Development Centres suitable for?
Economic Development Centres corporate financing is aimed specifically at SMEs that are developing their business and striving for growth.
Typically, a company applying for funding has:
- a clear development project or investment
- sufficient resources to implement the project
- a goal of business growth
- own funding for the project
Funding is regional and application periods vary, so it is worth investigating current opportunities in good time.
Grants – an experienced partner for Economic Developmnet Centres fundings
Applying for public funding often requires:
- a clear development project
- a credible project plan
- knowledge of funding terms
Grants helps companies:
- identify suitable funding from the Ministry of Economic Development, Transport and the Environment and the Finnish Economy
- plan development projects eligible for funding
- prepare applications and attachments
- utilize public funding in the long term as part of the company’s growth
Find out your company’s opportunities for Economic Development Centre’s funding
We offer a free consultation, where we will review your company’s opportunities to utilize the funding of the Economic Development Centers (formerly ELY funding).
The discussion can assess, for example:
- suitable financing instruments
- regionally open application periods
- project financing opportunities
FAQ
Economic Development Centre's funding
What is Economic Development Centre's funding?
The funding from the Economic Development Centres is public business support for SMEs, which supports the development, investment and growth of companies. The funding was previously known as ELY funding.
Is ELY funding the same thing as Economic Development Centre's funding??
In general yes. From the beginning of 2026, corporate financing from ELY centres was transferred to the Economic Development Centres, but many of the funding instruments and forms of support remain the same.
What can be supported with the funding from Economic Development Centres?
Funding can support, for example:
- company development projects
- product development and innovation
- business development
- investments in production or technology
What kind of companies can get Economic Development Centres funding?
The funding is aimed at SMEs that have a clear development project or investment and sufficient resources to implement the project.
How much funding my company can get from Economic Development Centres?
The amount of funding depends on the project, company size and region. Typically, the support covers 20–50 % of the project costs.
Is it worth applying for funding for Economic Development Centres with a consultant?
Applying for funding for Economic Development Centres often requires a clear project plan, demonstration of market potential, and knowledge of the funder’s evaluation criteria.
An experienced expert can help:
- choose the right financing instrument
- build a fundable project
- prepare the application and attachments
- improve the likelihood of the application being successful
Are you still worried about applying for public funding?
Our experts will provide you with a comprehensive and clear analysis of your company’s financing capabilities and the most suitable instruments.