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Finnish Climate Fund — Capital Loans & Equity

Finnish Climate Fund — Capital Loans & Equity

Provides Finnish Climate Fund Capital Loans & Equity for practical innovation and measurable results.

DiscontinuedIlmastorahasto / Climate FundFinland
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About

The Finnish Climate Fund (Ilmastorahasto Oy) was a wholly state-owned special-assignment company governed by Finland's Ministry of Economic Affairs and Employment (TEM) that provided equity investments and subordinated capital loans (capital loans) to Finnish projects targeting climate change mitigation, low-carbon industrial transformation, and digitalisation. Investment tickets typically ranged …

What this grant funds

Provided equity investments and subordinated capital loans of EUR 4–40 million to Finnish projects targeting climate change mitigation, low-carbon industrial transformation, and digitalisation; wound down May 2024.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.50%
Funding pooliThe total budget available across all awards in this round.€200M
Funding analytics

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Eligibility criteria

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Last verified: 29 May 2026Source: tem.fi