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Eight reasons to do business and invest in Lapland

Lapland is versatile, international and sustainable. Our stable business environment, strong expertise and good networks support business and investments. We have a good reason to say that you should do business here and invest in Lapland!

Eight reasons to invest in and do business with Lapland

1. Good location in the center of the Euro-Arctic region

Lapland is neighboured by Sweden, Norway, and Russia. Therefore, the demand potential of this extensive area is at your reach. Lapland and its surrounding areas in Norway, Sweden, and Russia also have significant investment potential, providing growth opportunities through various partnerships, for example.

2. Stable operating environment and good infrastructure

Finland is a member in European Union, the only Nordic country with Euro and has a low corporate tax rate, only 20 %.

In Lapland, as in Finland in general, you can trust that everything works. The electricity distribution is reliable, and the price of energy with its transfer costs is quite competitive at the European level. Data connections have improved in Lapland over the years, and a fixed broadband connection is currently as available in Lapland as it is in Finland in general. The optical fiber network is also constantly expanding.

Lapland has five airports, which are used by more than 1.3 million people each year. The strong growth in air traffic in recent years has been based on an increase in tourism demand, but good connections serve other business activities in the area as well.

Lapland has two export and import ports, Ajos in Kemi and Röyttä in Tornio, and these locations in Lapland are connected to southern Finland by the national railway network. If the planned Arctic Railway is built, it will also give Lapland a logistically significant position in the future in a junction point for the Central European market thanks to northern maritime transport and the upcoming Helsinki-Tallinn Tunnel.

3. Lapland is genuinely international

Lapland’s portion of Finland’s overall export of goods is 7%, and that number does not include factors such as international tourism, which is largely export trade. Accordingly, Lapland is a driver of Finland’s international tourism together with Helsinki.

Sharing borders with three nations, Lapland has a long history and strong know-how in the Barents region networks. Recent years have shown that international operators’ and investors’ interest in the North is rapidly growing. The media as well as film and television productions have also found Lapland, and accordingly, Lapland has become an internationally trendy and interesting location.

4. World-class natural resources

Lapland has approximately 5 million hectares of forestland, the majority of which can be used for timber production and, consequently, activities such as bioeconomy operations. The annual forest growth in Lapland exceeds the currnet logging rate and natural depletion by far, and due to climate change, the forest resources have been predicted to increase further, especially in Northern Finland.

The bedrock of Lapland provides opportunities for the financial utilization of several metals and minerals, as there are significant beds of resources such as gold, copper, chromium, nickel, and iron. The existing mines of Lapland are expanding their operations, and research for new projects is being carried out. Areas with minerals used in battery production are also being surveyed.

5. Growth in many sectors provides potential for business and investing

In Lapland, the combined turnover of all sectors has increased for several years, with the industry being the most significant sector. In recent years, the most notable increases in turnover have occurred in construction, tourism, and logistics. Several sizeable investments are being planned in the bioeconomy sector, and once realized, these investments will provide opportunities for an extensive ecosystem.

There are significant opportunities for mining subcontracting in many municipalities, and the growth in tourism puts both the tourism centers and their surrounding areas on a rising trajectory. Lapland’s pure natural resouces are significant also to the growing natural products industry.

Lapland’s investment potential by 2030 will be up to €13.7 billion, with industry, mining operations, and tourism is the most significant investment sectors.

6. Experts for businesses’ needs

The University of Lapland is an internationally renowned expert institution in the Arctic region, from which people graduate with degrees in fields such as educational sciences, law, sociology, and design. The University features the Arctic Centre, which is an international center of excellence in multidisciplinary research in the Arctic region.

Expertise in the Arctic conditions is also a point of emphasis at the Lapland University of Applied Sciences (Lapin AMK) which operates in three cities. In addition to the condition expertise, the RDI activities of Lapin AMK show a focus on the economy, bioeconomy, circular economy, digitalization, and Green Care. The vocational institutions of Lapland produce experts for the needs of the businesses of the area, and education is also tailored with the businesses in mind.

7. Knowledgeable services and ready-made networks

The development units of the municipalities of Lapland are robust experts in their region. They support business growth and help new operators establish themselves and find suitable properties, facilities and co-operation networks for their operations. The development companies can also provide you with tips regarding different financing opportunities, which in turn are provided by institutions such as the Centre for Economic Development, Transport, and the Environment and Finnvera.

The Lapland Chamber of Commerce and The Regional Organization of Enterprises in Lapland provides networking opportunities and training, among other services. Additionally, know-how and business activity clusters that increase their operators’ synergy benefits have formed around the key industries of Lapland.

8. First-class living environment

The clean nature and the surrounding peace, the versatile services of the cities and municipal centers and the excellent quality-price ratio of the properties guarantee that, in addition to business activities, entrepreneurs, employees and their families can all thrive in Lapland.

Numbers & Facts to back up our claim

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