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Finland Ramps Up Incentives in Competitive Race
Lise Pedersen Following in the footsteps of its Nordic neighbors, Finland is fast becoming a destination of choice for foreign co-productions, not least thanks to its up-front cash-back tax incentive introduced in 2017. Despite a slight drop in 2020 due to the COVID pandemic, figures show a 40%-plus growth of the audiovisual industry in the past five years, distributed evenly between co-production and service production. In addition to the national rebate of 25%, productions can get up to 40% incentive money thanks to top-ups from regional film commissions. Other support mechanisms include public broadcaster YLE and the Promotion Centre for Audiovisual Culture (AVEK), as well as a growing number of private investors such as VOD platform Elisa Viihde and Aurora Studios, which are working actively on getting Finnish content out to the world.
