Business Finland opens a call for Tax credit for large clean transition investments
On 24 March 2025, we will open a call for tax credits for large clean transition investment projects in renewable energy production and energy storage, decarbonization of industrial production processes and improvement of energy efficiency, and the production of strategic equipment, components and raw materials for the transition to a climate-neutral economy.
The tax credit is a continuation of the recently concluded call for funding for grants for investments aimed at a climate-neutral economy. A total of 21 applications were received by the deadline of 14 March 2025, and the requested funding is €1,037 million.
The call focused on the decarbonization and energy saving of existing industrial plants, as well as the production of equipment, components and raw materials essential for the transition to a carbon-neutral economy.
Business Finland's Director General Lassi Noponen describes the investment grant as follows: “The closed call is the implementation of Prime Minister Orpo's government program and one example of Business Finland's new industrial policy tasks. Business Finland will renew its strategy during the rest of the year. In the strategy, we prepare for changes in the global economy and industrial policy and we are ready to handle new responsibilities in the future.”
The closed application is the implementation of Prime Minister Orpo's government program and one example of Business Finland's new industrial policy tasks. Business Finland will renew its strategy during the rest of the year. In the strategy, we prepare for changes in the global economy and industrial policy and we are ready to handle new responsibilities in the future.
Tax credit call opens 24.3.2025
Finland's goal is to support significant investment projects with tax credits so that industry moves more quickly towards climate neutrality.
The tax credit complements Finland's most significant growth project, with the aim of strengthening the attractiveness of Finland's investment environment and investments directed towards Finland.
“The tax credit complements Finland's most significant growth project, with the aim of strengthening the attractiveness of Finland's investment environment and investments directed towards Finland”, says Hanna Rinta-Erkkilä, a Senior Financial Advisor at Business Finland.
We expect the support to encourage the transfer of large-scale clean investments from companies' planning desks to implementation and at the same time support the construction of a clean transition industrial ecosystem in Finland.
“We expect the support to encourage the transfer of large-scale clean investments from companies' planning desks to implementation and at the same time support the construction of a clean transition industrial ecosystem in Finland. Projects launched with the help of tax credits generate expertise that benefits suppliers participating in the implementation more broadly”, continues Project Director Sini Uuttu from Business Finland.
Tax credits can be obtained for, among other things, renewable energy production and storage, industrial emission reduction and energy efficiency projects.
Who can apply for a tax credit?
A company is eligible for a tax credit if it implements a large investment in Finland aimed at a climate-neutral economy, with eligible investment costs of at least EUR 50 million. The more detailed criteria for granting the credit are described on our website Tax credit for large clean transition investments
When should you apply for a tax credit?
The right to a tax credit is granted upon application to a company that implements an investment in Finland that meets the conditions specified in the law on tax credits for certain large investments aimed at a climate-neutral economy:
- for energy production from renewable sources and energy storage;
- for decarbonization of industrial production processes and energy efficiency measures; or
- for strategic sectors in terms of the transition to a climate-neutral economy.
The tax credit must be applied for by 29 August 2025
The decisions on granting the tax credit are made by Business Finland. The credit must be applied for from Business Finland before the start of work on the investment project. The amount of the credit is 20 percent of the costs eligible for the investment credit. The maximum amount of the credit is EUR 150 million per company. The credit is based on the Act on Tax Credits for Certain Large Investments Aiming at a Climate-Neutral Economy (HE 207/2024). The application for the investment credit ends on 29 August 2025.
Before you apply
Before you apply for a tax credit, carefully read the application, the application conditions and the law. Application instructions and links to the conditions and the law can be found on our website.
More information about the tax credit
Tax credit for large clean transition investments
Sini Uuttu and Hanna Rinta-Erkkilä
firstname.lastname (at) businessfinland.fi
