tukirahoituksen

Tukirahoitus is a form of financing in which funds are provided by public authorities or publicly backed bodies to support a project, activity, or organization that would not be financially viable based on market terms alone. The aim is to promote policy objectives such as economic growth, innovation, regional development, employment, or cultural and social welfare. Tukirahoitus can take several forms, including grants or subsidies, subsidized loans or loan guarantees, and, less commonly, equity investments on favorable terms. Funding may be disbursed as a lump sum or in stages tied to milestones and reporting requirements.

Eligibility and selection are typically based on criteria such as merit, need, impact, and alignment with strategic priorities. Recipients can include businesses, research organizations, municipalities, associations, and non-profit entities. Conditions attached to support may include reporting obligations, milestones, procurement rules, and compliance with applicable state aid and competition laws. In the European Union, tukirahoitus must conform to state aid rules and be compatible with the internal market.

Administration involves a process of application, evaluation, contractual agreements, monitoring, and auditing. Disbursement is usually contingent on meeting predefined conditions, with oversight to ensure proper use of funds and achievement of objectives. The use of tukirahoitus is commonly targeted to specific sectors or activities, such as research and development, startup support, infrastructure projects, education, or cultural initiatives.

Overall, tukirahoitus serves as a public finance tool to enable activities that market finance cannot sustain alone, while ensuring accountability through reporting and compliance requirements.