Energy Aid — Business Finland Track (projects up to EUR 5 million eligible costs)
Funds companies in Finland investing in renewable energy, energy efficiency, waste heat recovery, or energy system decarbonisation through Business Finland-administered grants.
Business Finland administers the Energy Aid programme for investment projects and studies where the eligible costs do not exceed EUR 5 million. The programme sits under Finland's national energy aid scheme, operated by the Ministry of Economic Affairs and Employment (TEM), which supports Finland's carbon neutrality target and EU 2030 and national 2035 energy targets. Projects with eligible costs above EUR 5 million fall under a separate large demonstration project call handled directly by TEM; this track covers all others.
No per-project award minimum or maximum is stated in the public source. The source does not publish a pool size or aid rate. Aid is a grant (non-repayable) for eligible investment costs or study costs. The source does not state a funding rate or cost-share requirement on this page.
The programme is open to projects conducted in Finland. The source does not specify eligible applicant types (company, nonprofit, university) on the energy-aid page, but the programme is described under enterprise financing for energy projects, indicating companies are the primary applicant type. A key eligibility condition is additionality: aid will only be granted to projects that would not be implemented without the aid.
Applications for this track are handled through Business Finland. The source does not publish specific application deadlines, cycle dates, or a direct application URL on the energy-aid overview page. Applicants should contact Business Finland directly for current call windows and submission requirements.
Practical caveats: projects must be located in Finland. The eligible-cost threshold of EUR 5 million determines which body (Business Finland or TEM) processes the application — confirm your project cost estimate before applying. Aid is discretionary; the programme funds projects that best promote future energy solutions toward the 2030 and 2035 targets.
Renewable energy production; energy savings and more efficient energy production or use; recovery of waste heat; decarbonisation of energy systems. Applies to investment projects and studies conducted in Finland.
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