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Finland’s recovery and resilience – Supported projects: Nation-wide investment scheme

Disclaimer: This page exclusively serves information purposes and is not an exhaustive database of projects funded by the Recovery and Resilience Facility. Notably, the map provides a snapshot of projects based on the current status of their implementation. It does not reflect the distribution of the projects funded by the Recovery and Resilience Facility across the different areas within Finland. The map will be regularly updated to include additional projects and information. The showcase of the projects in this page is without prejudice to any future assessment by the Commission in the context of the verification of the satisfactory fulfilment of milestones and targets pursuant to Regulation (EU) 2021/241 of the European Parliament and of the Council establishing the Recovery and Resilience Facility.

The measure references mentioned below are those contained in the ANNEX to the Council Implementing Decision on the approval of the assessment of the recovery and resilience plan for Finland and allow for easy identification of the measures

For more info on the projects, please contact the Commission’s representation liina-maria [dot] munariatec [dot] europa [dot] eu (liina-maria[dot]munari[at]ec[dot]europa[dot]eu) or marjut [dot] leskinenatec [dot] europa [dot] eu (marjut[dot]leskinen[at]ec[dot]europa[dot]eu)

Digital economy – Real-time economy (RTE) programme

(reference P2C2I1 in the Finnish Recovery and Resilience Plan)

The investment aims to help create common solutions and structures to facilitate the exchange of digital financial data between organisations in a structured machine-readable format (such as e-invoices, e-receipts, procurement documents and financial statements), in line with the vision of a ‘real-time economy’. The exchange of structured financial data will support the automation of processes with positive impact on productivity in both the public and private sector, while also promoting the digitalisation of government and society as a whole. The investment will enable the sharing of information between businesses, between businesses and public authorities, and within the public sector, based on the ‘once-only’ principle.

In particular, the investment will cover the following elements to be completed by 31 December 2024:

  1. The establishment of an “ecosystem for the real-time economy” in public-private cooperation. A minimum viable ecosystem (MVE), i.e. a production version of the basic digital platform and related infrastructure/software solutions, is in place since the end of 2022 and is able to transmit e-invoices;
  2. The creation of digital infrastructure to be functional at the end of 2024, which will allow for sharing, receiving and using a company´s financial data such as e-receipts, e-invoices and procurement messages in line with the relevant legal requirements related to data protection and privacy.

A total of EUR 14 million in funding has been allocated to this project from the EU’s Recovery and Resilience Facility (RRF).

More information can be found at the links below:

man working at computer with two screens
Copyright: Finnish Government

 

Acceleration of data economy and digitalisation - Virtual Finland

(reference P2C2I2 in the Finnish Recovery and Resilience Plan)

The Virtual Finland service platform will improve Finland's competitiveness, enabling the delivery of seamless digital services from the public and private sector for different target groups coming to Finland. The aim of the investment is to offer a single service interface to people who would like to reside in Finland, starting with employees immigrating to the country. The scope of the service platform is expected to cover public services (such as digital identity, e-residency, or patent registration) and provide the possibility to support private services (including commercial insurance, banking, accounting, financial, legal and other services).

The measure will cover the following elements and will be completed by the end of 2025:

  • By 31 December 2022, the first production version of ‘Virtual Finland’ platform was made available, supporting at minimum the following functionality: identification of a person and digital identity, reliable sharing of data between the different parties involved in the platform.
  • By 31 December 2025, at least one service process, notably the entry process for a non-Finnish private individual, will be fully supported by the Virtual Finland platform.
  • The Virtual Finland platform is expected to successively integrate services for additional target groups (higher education students, non-listed companies, seasonal workers, tourists, exporting companies).

A total of EUR 4 million in funding has been allocated to this project from the EU’s Recovery and Resilience Facility (RRF). Finland supports the project by an additional EUR 2 million.

More information can be found by following the links below:

Woman working on laptop by window
Copyright: Finnish Government

Transport and land use - Digirail project (P2C1I2):

Finland aims to introduce the European Rail Traffic Management System (ERTMS) on the entire national network by 2040, along with the 4G and 5G-based Future Railway Mobile Communication System (FRMCS). The introduction of ERMTS and FRMCS will help to ensure that rail services are fit-for-future.

To that end, the Recovery and Resilience Facility will fund the Digirail development and verification phase, which encompasses the preparation and undertaking of testing and piloting activities in the period 2021-2026. Following successful testing in a laboratory environment, the new radio-based system will be tested under realistic conditions on a test track, before being deployed on a pilot track for commercial train traffic, where the newly developed system will be used as the single train control system.

The project has now reached the installation and testing phase. The test equipment has been installed in a Sr2 engine and test runs were launched in November 2022. The investment will cost EUR 85 million and will be completed by 30 June 2026

More information can be found by following the links below:

Railway car in shed
Copyright: Finnish Government