Sustainable Growth Programme for Finland – boosting reforms and investments
The Sustainable Growth Programme for Finland will support growth that is ecologically, socially and economically sustainable in line with the aims of the Government Programme.
The Sustainable Growth Programme will boost competitiveness, investment, research, development and innovation, as well as measures to raise skill levels.
The Sustainable Growth Programme aims to
- reduce greenhouse gas emissions
- increase productivity
- raise the employment rate
- ensure quicker access to care
- promote regional, social and gender equality.
The Sustainable Growth Programme will focus on four key elements:
- A green transition will support structural adjustment of the economy and underpin a carbon-neutral welfare society
- Digitalisation and a digital economy will strengthen productivity and make services available to all
- Raising the employment rate and skill levels will accelerate sustainable growth
- Access to health and social services will be improved and their cost-effectiveness enhanced.
Funding from the Next Generation EU recovery package
Funding for the Sustainable Growth Programme for Finland will come from the one-off EU recovery package ‘Next Generation EU’ (NGEU). The NGEU is divided into seven instruments, of which the Recovery and Resilience Facility (RRF) is the largest.
Member States must present a national Recovery and Resilience Plan (RRP) in order to receive RRF funding. Finland's Recovery and Resilience Plan will form part of the Sustainable Growth Programme for Finland.
Finland’s Recovery and Resilience Plan was published on 26 May 2021. The European Commission published a positive assessment of Finland’s plan on 4 October 2021. The finance ministers of the EU Member States discussed Finland’s Recovery and Resilience Plan in their video conference on 28 October 2021. The Council of the EU formally approved the plan by written procedure on 29 October 2021.
Sustainable Growth Programme’s reforms and investments to start (press release 26 May 2021)
Proposal for an implementing decision and other EU documents (Commission website)