Entrepreneurs’ access to labour market subsidy has been continued
Exceptionally, entrepreneurs have been able to receive labour market subsidy on less stringent conditions. The Finnish Parliament has approved the proposal that this arrangement will continue until 30 November 2021.
Entrepreneurs have been able to receive labour market subsidy due to the effects of the COVID-19 pandemic until the end of September. On 9 September 2021, the Government submitted a proposal to Parliament for the extension of the temporary provisions, which has now been approved by Parliament.
Although society has been opened up and restrictions have largely been lifted, it will take time for business conditions to recover. The will of the Government has been to secure the livelihood of entrepreneurs in this challenging situation by extending the temporary right to labour market subsidy.
A person who is employed full-time as an entrepreneur is entitled to unemployment benefits only after business operations have been terminated completely. However, during the COVID-19 pandemic, entrepreneurs have exceptionally been able to receive labour market subsidy without having to close down their business altogether. The precondition is and has been that the termination of full-time employment or the decrease in income must have been due to the COVID-19 pandemic.
Read more about the labour market subsidy for entrepreneurs on the website of the Ministry of Economic Affairs and Employment.