NewsFinnish gouvernment R&D funding grows by 155 Million EUR in 2010

Finnish gouvernment R&D funding grows by 155 Million EUR in 2010

In the 2010 Government Budget, the total appropriations and outlays for research and development activities amount to 2,055 million euros in Finland. According to Statistics Finland, R&D funding increases by 155 million euros 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 Ministry of Education accounts for 45 per cent of government R&D funding and the Ministry of Employment and the Economy for 37 per cent. R&D funding under the Ministry of Education amounts to 933 million euros and that under the Ministry of Employment and the Economy to good 763 million euros. In 2010 R&D funding under the Ministry of Education goes up by some 95 million euros and that under the Ministry of Employment and the Economy by 40 million euros. The increase in funding under the administrative branch of the Ministry of Education is mainly due to growth in funding by the Academy of Finland.

R&D funding of the Academy of Finland increases by 75 million euros, mainly due to the change in the budgeting method. Funding by the Academy of Finland totals 384 million euros. The appropriations and outlays of Tekes (the Finnish Funding Agency for Technology and Innovation) go up by 36 million euros, its R&D funding being 611 million euros. A total of 506 million euros, or 16 million euros more than in the year before, is recorded in statistics for universities. Funding of other research carried out mainly in ministries grows by 31 million euros to 218 million euros. By contrast, budget funding of R&D activities by government research institutes decreases somewhat in 2010.

Source: Academy of Finland Newsletter, February 2010 Editor Countries / organization: Finland Topic: Funding

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