Support for uncovered fixed expenses

The application period for support for uncovered fixed expenses starts on 17 August at 9.00. The application period ends on 30 September at 16:15.  The application is submitted to the State Treasury on a paper form. A link to the form will be added to this page after the application period begins.

The auditor’s report required as an annex to the application may be submitted at a later date, but not later than 31 October at 16:15.

The support is intended for companies that already have met or are about to meet the previous EU ceiling of EUR 1.8 million in support related to the Covid-19, and are therefore not eligible for further business cost support.

If the company is part of a group, the support for uncovered fixed expenses is always applied for at group level, not as an individual company.

The group applying for closure compensation must submit the application form to the State Treasury by 30 September at 16:15. The auditor’s report required as an annex, as well as a supplementary information sheet showing information on the turnover during the comparison and closing period, the salary and inflexible business expenses, losses during the closing period and other state aid received for the same costs and insurance claims granted for the same period must be submitted by 16.15 on 31 October 2021.

The instructions for the auditor’s report are attached to the application form and can also be found on our website (in Finnish or Swedish).

You can download the application form and its attachments in PDF format from our website in Finnish or Swedish at the beginning of the application period.

The PDF file contains the application form, the supplementary information sheet and the auditor’s instructions.

Submit the application electronically via the Security Message service: https://turvaviesti.valtiokonttori.fi.

We do not recommend sending personal data via unencrypted email connection.
The application can also be submitted by post: State Treasury, P.O. Box 14, 00054 STATE TREASURY

A share of  costs of the support period is paid as support. The company’s costs eligible for compensation may not exceed an amount of salary costs and inflexible costs in the support period.

The share of the aid is a percentage corresponding to the reduction in sales less a deductible of 30 percentage points.

As a condition for the support, the company’s turnover has decreased by more than 30 percent during the support period 1.3. – 31.5.2021 compared with the corresponding period in 2019. The loss and turnover are examined at group level if the company belongs to a group.

An auditor’s report is required as an appendix to this form of support.

Obstacles to the granting of support are always examined at company level.

If any of the obstacles mentioned below are met for one company in the group, no support shall be granted by law:

1. The company is not registered in the prepayment register.
2. The company has failed to comply with the obligation to report taxation.
3. The company has tax debt information entered in the tax debt register.
4. Enforcement collects unpaid taxes from the company
5. The company has been declared bankrupt or has a case pending before the court concerning bankruptcy.
6. The company was in difficulty before the coronavirus pandemic (31 December 2019).

Definition of a company in difficulty in the EU Regulation:

A company in difficulty refers to a company in accordance with Article 2(18) of the General Block Exemption Regulation of the EU. According to the definition, a company is in difficulty,

1. if more than half of its share capital has disappeared as a result of accumulated losses (limited liability companies),
2. more than half of its capital as shown in the company accounts has disappeared as a result of accumulated losses (companies where at least some members have unlimited liability for the debt of the company),
3. the company is subject to collective insolvency proceedings,
4. the company has received rescue aid and has not yet reimbursed the loan or terminated the guarantee, or has received restructuring aid and is still subject to a restructuring plan,
5. the company is not an SME, and for the past two years, its book debt to equity ratio has been greater than 7.5 and its EBITDA interest coverage ratio has been below 1.0.

Only section c applies to SMEs that were under 3 years of age on 31 December 2019.

The support is calculated as an aid intensity share of the company’s losses for the support period.

As support, a maximum of 70% of the company’s/group’s losses are compensated.

An external auditor must confirm the loss.

The amount of support per group is a maximum of one million euros. The group-specific upper support limit under the framework support programme is EUR 10 million.