02.03.2010

Finnish government’s R&D funding grows in 2010

Government budget for R&D is EUR 2,055 million, while the share of public R&D funding of GDP is estimated to rise to 1.17 per cent.

In the 2010 the total appropriations and outlays for research and development activities in the Finnish government’s budget amount to EUR 2,055 million. According to Statistics Finland, this represents an increase of EUR 155 million in R&D funding from the previous year. At the same time, the share of public R&D funding of GDP is estimated to rise to 1.17 per cent.

The two largest R&D funders in the budget are the Ministry of Education with EUR 933 million or 45 per cent of the total, followed by the Ministry of Employment and the Economy with EUR 763 million or 37 per cent of the total.

The budget appropriations and outlays of Tekes (the Finnish Funding Agency for Technology and Innovation) increase by EUR 36 million, to a total of EUR 611 million. A total of EUR 506 million, or EUR 16 million more than in the year before, is recorded in statistics for universities. Funding of other research carried out mainly in ministries grows by EUR 31 million to EUR 218 million.

In line with Finnish government’s socio-economic objectives, the general advancement of knowledge is the largest category of R&D funding with 44 per cent share. The share of funding of industrial production and technology is 24 per cent, and that of social structures and relationships 14 per cent.


Source: Statistics Finland