KOHESIO · Q7441059 · FI

LAB Biofine - Development project

Southern Karelia is one of the regions suffering from the shutdown of peat production. Additionally, with the closure of the Russian border, there is a great need in the area for new business activities that strengthen the regional economy. There is a high demand across various industries for fossil-free biomaterials and products developed from them. Southern Karelia boasts a world-class forest industry cluster and high value-added entrepreneurship based on advanced biomaterials, with good availability of biomaterials and top-notch research and education related to the circular economy and bi…

EU budget
€798k
Total project cost
€1.1M
Period
2024-06-01 → 2027-05-31
Thematic objective
PO08PO08

Co-funding: the EU contributes €798k toward a total project cost of €1.1M — a co-funding rate of 70%, with the remainder covered by national, regional or private sources.

Kohesio is the European Commission's open-data platform for projects co-financed by the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund and the Just Transition Fund. It draws on lists of beneficiaries published by national managing authorities and harmonises them into a single EU-wide view.

Full project record on Kohesio — partners, deliverables, location map, related funding decisions.

Open on kohesio.ec.europa.eu →

Frequently asked questions

What is the EU budget for this project?
The EU contributes €798k toward a total project cost of €1.1M, a co-funding rate of 70%.
Which fund or thematic objective does it belong to?
This project falls under EU Cohesion Policy thematic objective PO08 — PO08 — financed through the European Structural and Investment Funds.
Which country is the project located in?
The project is located in FI.
What is the project period?
The project runs from 2024-06-01 to 2027-05-31.
Where can I find the full project record?
The complete project record — beneficiary, location and related funding decisions — is published on Kohesio, the European Commission's open-data platform, under reference Q7441059.