The Finnish government has decided to allocate EUR 250 million to support sole entrepreneurs for the economic slowdown caused by the COVID-19 pandemic. Aid for sole entrepreneurs is granted through municipalities. Ten municipalities in North Karelia have agreed that sole entrepreneurs can apply for support centrally through a single service on the Business Joensuu website. Applications will be accepted beginning at 12:00 midday on Tuesday, 14 April 2020. The actual grant decision and possible payment will be made from the sole entrepreneurs’ home municipality. Business Joensuu is prepared to accept thousands of applications.

Sole entrepreneurs from the municipalities of Heinävesi, Ilomantsi, Joensuu, Kitee, Liperi, Nurmes, Outokumpu, Polvijärvi, Rääkkylä and Tohmajärvi can begin applying for the grant of EUR 2000 as a lump sum for the coronavirus situation at 12:00 midday on Tuesday, 14 April 2020. Instructions and an online application will be published at https://www.businessjoensuu.fi/en/sole-entrepreneur-support/. The applications will be received for consideration. The processing of the application is conditional on the municipality-specific decision on the state subsidy. The rendering of decisions on the applications will begin when the state grant has been awarded to the municipality.

“The situation of sole entrepreneurs is very difficult because of the coronavirus pandemic. There is an urgent need for financial support. Our estimate is that we will receive thousands of applications and they will need to be processed quickly. It is excellent that the municipalities and various actors quickly started cooperating to build a service to alleviate this situation, ” says Harri Palviainen, CEO of Business Joensuu Oy.

Sole entrepreneurs’ support can be applied for by a full-time entrepreneur operating exclusively in Finland and engaged in economic activities, regardless of the legal form of the activity and the method of financing. A self-employed person is defined as an entrepreneur or self-employed person who does not have a salaried workforce, including freelance entrepreneurs. The grant is conditional on the deteriorating financial situation of the sole entrepreneur and their decline in turnover due to the COVID-19 pandemic after 16 March 2020.

The aid is temporary and can be provided for the expenses of the sole proprietor’s business between 16 March 2020 and 31 August 2020. Aid cannot be granted if the company has been in financial difficulties before the corona crisis, nor to a company with tax liabilities. If a sole entrepreneur has tax debt, he or she must have a plan approved by the Tax Administration to pay it off.

Business Joensuu provides updated information for companies during the coronavirus pandemic: https://www.businessjoensuu.fi/koronainfoa-yritysille/(mostly in Finnish, some links in English)

On the Ministry of Employment and the Economy’s website, you can read about the support of sole entrepreneurs during the coronavirus situation: https://tem.fi/kysymyksia-ja-vastauksia-koronasta-ja-yksinyrittajista(in Finnish)

Questions and answers regarding the coronavirus and business financing (Ministry of Employment and the Economy).


More information: 

Business Joensuu
CEO Harri Palviainen
Tel. +358 500 967 744
harri.palviainen@businessjoensuu.fi

 

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