Finnish Industry Investment Ltd Receives EUR 30 million for Mining Cluster InvestmentsFrom its supplementary budget, the State is capitalising Finnish Industry Investment Ltd, a government-owned equity investor, by EUR 30 million. This measure will promote investments in and the internationalisation of the mining cluster.
It will strengthen Finnish ownership of mining companies in their early stages of development and other mining cluster players, while increasing the supply of available funding. Finnish Industry Investment Ltd is also extending its own financing programme for mining, to cover not only mines but the entire mining cluster.
The mining industry is a Finnish growth area. Investments currently underway in Finland amount to approximately one billion euros. The amount of expected investment will grow significantly in the coming years. Each project has a significant impact on local employment, especially during the building and production phases.
In Finland, the mineral
cluster employs around 25,000 persons and sectors using minerals as raw
material around 250,000.