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The city of Kuopio takes measures to ease the situation of local companies

25.3.2020

The Coronavirus pandemic and the measures introduced by the Finnish Government on 16 March 2020 have had a significant impact on the economic situation of many companies.

Companies are facing difficulties as their cash flow decreases while the companies’ expenditure remains unchanged. The city, along with the state, wants to support the companies.

The Kuopio City Board decided on its meeting on 23.3.2020 on the following measures for companies:

Advice and guidance

The whole staff of the city of Kuopio’s Business Development Services will give advice and guidance to companies during the state of emergency.

The Business Development Services will help companies, for example, in applying for additional financial packages provided by the state
Cooperation with for example, the Regional Council of Pohjois-Savo, the Centre for Economic Development, Transport and the Environment, Finnvera, Business Finland and business associations will be improved to help ease the situation
Contact Business Development Services

Financial support

The procedures for the payment transactions of the city and its’ subsidiaries

The city will expedite the payment of its invoices to companies, however payment will be made the latest on due date
Extending the statutory payment period of the city’s invoices
Debt collection and waivers will be refrained from during the crisis
Temporary postponement of rent payments (for a maximum of three (3) months at a time)
Possible rent reductions will be considered at a later date
If the use of the facilities is inhibited by the state or the city -> rent-free period for the duration of the hindrance

Procurements will be made in an expedited timetable