Labour market support to entrepreneurs will continue until 30 June 2021
Entrepreneurs have been temporarily entitled to labour market support if full-time work in the company has ended due to the coronavirus pandemic. The temporary extension to entrepreneurs’ right to unemployment benefit currently in force is scheduled to end on 31 March 2021.
Many entrepreneurs continue to feel the pinch because of the coronavirus epidemic. During the crisis, labour market support has provided security for small entrepreneurs, in particular, whose livelihoods have become increasingly uncertain. There is clearly still a need for this support, so we will begin urgent preparations for legislation to continue it, Minister of Employment Tuula Haatainen says.
Last year, the Social Insurance Institution of Finland (Kela) paid labour market support to 44,000 entrepreneurs, for a total amount of EUR 165.8 million.
What are the conditions for an entrepreneur to be eligible for labour market support
Entrepreneurs are temporarily entitled to labour market support to deal with the sudden and unforeseen decline in demand due to the coronavirus epidemic. Labour market support is one form of unemployment benefits.