Government proposes comprehensive reform of legislation governing Finnvera

On 5 June 2025, the Government submitted to Parliament a proposal for an act on specialised financing activities and their organisation. The act would provide Finnvera with better opportunities to operate effectively as a state-owned specialised financing company and to perform its economic and industrial policy tasks.

The proposal aims to make Finnvera’s operations clearer and more efficient, especially in promoting exports, and to strengthen the preconditions for exports and risk management. With the updated regulation, Finnvera will be able to promote Finnish companies' exports and investments more efficiently.

The new act would lay down provisions on Finnvera's objectives, tasks and structure and the main features of the financial framework available to the company, taking into account the central government’s risk-bearing capacity. The new act would repeal ten acts and nine decrees that currently regulate Finnvera’s operations. Another objective of the reform is to clarify the regulation and consolidate all relevant provisions into a single act, without significantly changing the main principles and authorisation limits of the operations. The proposed act is scheduled to enter into force on 1 January 2026. 

More information in the Ministry of Economic Affairs and Employment's Press Release.