Historically, Finland has been less successful in attracting foreign direct investments (FDI) relative to other EU Member States. In a new study, Copenhagen Economics finds that Business Finland’s invest-in services have helped bringing new FDI to Finland, but there is a potential for Business Finland to focus the investment promotion activities more towards Finnish strongholds and more proactively pursuing clients.
Strong ecosystems are a key driver of FDI. We find that Business Finland’s funding of ecosystem development has a positive and significant impact on employment and turnover in the SMEs and start-ups that receive funding. We estimate that the investment programmes have a payback time between seven and nine years.
For further information, please contact Eva Rytter Sunesen