Finances

The year’s finances are best examined from two perspectives: the spending of the appropriations allocated by the Finnish Government to the Finland 100 project, meaning the project budget, and the estimated total amount of money invested in the centenary celebrations, including the financial contributions of all project partners. Most of the appropriations were spent on programming.

Special appropriations were allocated to the Finland 100 project from the government budget. The total budget for the years 2013–2018 amounted to EUR 19 million.

EUR 5 million was earmarked for launching and planning the project in 2014. The total budget of EUR 19 million was confirmed in 2015 on the basis of the strategy and operating model adopted by the Finland 100 Commission and Board. The Prime Minister’s Office oversaw the spending of the appropriations. Appropriations spent between 2013 and 2018 totalled EUR 18 million.

Breakdown of the Finland 100 budget

A total of 60% of the Finland 100 budget was spent on programming. The budget was divided into three main categories: programme, communications and marketing and execution and administration.

Programme spending 

A total of 60% of the Finland 100 budget, which came to EUR 11.5 million, was earmarked for programming. EUR 10.9 million was ultimately spent on the programme. The money was used to subsidise national and international projects, support regional programming, and pay for the Finland 100 Secretariat’s own projects and commissioned works, as well as other programming costs. 

A total of EUR 6.5 million in state aid was granted to 145 different projects through the Finland 100 aid instrument. Rights to appropriations were transferred within the Government to subsidise a further 11 projects by a total of EUR 350,000. The Prime Minister’s Office’s average financial contribution to these 156 projects was 16%.

EUR 1.8 million of the programme budget was spent on other aspects of programming, such as planning, the Finland 100 team’s own projects, and partnerships with important project coordinators. Approximately 7% of the programming budget was spent on the opening ceremony, almost 13% on events during the week leading up to Finland’s 100th Independence Day, and approximately 10% on international projects.

 

Breakdown of the EUR 10.9 million spent on the Finland 100 programme

The Finland 100 project team supported regional programming by granting state aid to the regional Finland 100 network. The pot amounted to EUR 2.25 million across the years 2016 and 2017.

Most regions invited programme projects to apply for regional Finland 100 subsidies during the years 2016 and 2017. Each region set its own criteria for applications, its own evaluation process, and its own schedule. The Prime Minister’s Office stipulated that only projects that were included in the official Finland 100 programme could be subsidised.

The basic premise was that the majority of projects would be financed with sources of funding other than the Finland 100 budget, such as assistance from various non-governmental organisations or funds, or programme projects’ own basic funding.

A total of 3.1% of the projects included in the centenary programme received state aid from the Prime Minister’s Office and 15% were granted regional Finland 100 subsidies through the regional network. These subsidies amounted to EUR 8.6 million in total.

Based on the final survey targeted at programme projects, at least EUR 400 million is estimated to have been spent on the Finland 100 programme altogether. The final costs reported by project coordinators excluded infrastructure and construction projects carried out in honour of the big year. In other words, at least 36 times the budget reserved for the programme by the Prime Minister’s Office was actually spent on the programme. 

It is difficult to evaluate the overall economic impact of the centenary celebrations, as the emphasis was on self-motivated contributions, networking, and bringing different kinds of project coordinators together. In practice, the final budget represents the total sum of resources spent by everyone who contributed to the celebrations. The total budget was therefore at least several hundred million euros.

An economic evaluation also needs to take into account all the activity generated by the anniversary that was not directly linked to the official Finland 100 programme. In any case, the centenary of Finland’s independence was the biggest national anniversary in the country’s history from a financial perspective, as well.