Tesi to become an even stronger promoter of growth, renewal and investment

On 25 February 2025, the Ministerial Committee on Economic Policy stated it supports the proposal by the Ministry of Economic Affairs and Employment on a new investment strategy and financial framework for Tesi (Finnish Industry Investment) for 2025–2029. The aim is to boost economic growth and improve the effectiveness of industrial policy together with the Government’s other growth-promoting measures.

Tesi will continue to operate on market terms and in accordance with market needs. Tesi will not compete with private investors and will step aside if a competitive situation arises. The company aims to leverage a significant amount of both domestic and international funding to Finnish growth companies. Through its activities, Tesi will also strengthen domestic ownership.

To boost economic growth, Tesi aims to invest EUR 1.8 billion so that, together with private growth funding, a total of nearly EUR 12 billion will be channelled to the market in 2025–2029. 

Key elements of the reform include:

• The size of direct investments will grow and Tesi's new tasks will include financing industrial-scale investments as well as larger investments in the scalable growth of technology companies.
• Investment in funds will grow and become more selective, with a greater focus on existing market gaps and a consideration of market changes. Tesi aims to establish new high-quality funds of international scale in Finland to improve the availability of capital financing.

“The Government’s main goal is to return Finland to a growth path. The new investment strategy and stronger industrial policy role of Tesi are part of this work. The new strategy will respond to changes in the market and the geopolitical operating environment. At the same time, it will implement the objectives of the Government Programme,” says Minister of Economic Affairs Wille Rydman.

“Tesi is an engine of growth that will continue to operate in those parts of the market where no sufficient amount of private funding is available. Our range of instruments will expand and the access of companies to funding will improve. Our goal is to raise a significant amount of private capital for growth companies, which will open up new investment opportunities for private investors,” says Pia Santavirta, Chief Executive Officer of Tesi.

The investment strategy for Tesi is based on the objectives set in the Government Programme, the EUR 300 million direct investment programme for Tesi outlined in the spring 2024 spending limits discussion and the changes in the operating environment.

In accordance with the Government Programme, the state’s capital investment and corporate financing activities will be enhanced by concentrating them under Finnish Industry Investment Group in early 2025. The Group will promote economic growth, renewal and investments.

Inquiries:
Juhapekka Ristola, Director General, Ministry of Economic Affairs and Employment, tel. +358 295 047 399
Lars Aikala, Special Adviser to the Minister of Economic Affairs, tel. +358 50 401 6410
Pia Santavirta, Chief Executive, Finnish Industry Investment, tel.  +358 40 546 7749
Mikko Martikkala, Special Adviser to the Prime Minister (Economic Policy Affairs), tel. +358 40 708 3932

The email addresses of the Finnish Government are in the format [email protected].