Finnvera provides bridge financing for companies supported by Finnpartnership

Businesses that have received a positive Business Partnership Support decision can now apply for Finnvera bridge financing as a support for the Finnpartnership financial grant that is paid retrospectively. Bridge financing is used to compensate for a company’s financing needs between a positive grant decision and the payment of the grant.

Regarding Finnpartnership, the possibility for bridge financing is only available for projects that have received a positive Business Partnership Support decision. The procedures regarding bridge financing will be explained at the kick-off meeting for each project. Conditional funding decisions linked to a grant decision are still not accepted as proofs of applicant’s financial resources, i.e. the new collaboration between Finnvera and Finnpartnership does not change the eligibility criteria of Business Partnership Support.

If you are currently a beneficiary of Business Partnership Support and are interested in bridge financing, please contact your project manager. For more information on the bridge financing model, please see Finnvera’s website.