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Turku - A Superb Location for Doing Business in Northern Europe

Welcome to the region where the Euro greets Northern Europe, the world's best school system meets low costs and the excellent quality of life generates highly productive labour.

The Turku region, a lively area of 460,000 inhabitants in the south west of Finland, is full of business opportunities for anyone willing to take advantage of the highly educated workforce, yet offers an economical business environment. The vibrant city of Turku is characterised by urban city life, universities and groundbreaking cultural experiences.

The city offers high-level know-how and is home to many of the world's leading companies and innovations, especially in the fields of life sciences and ICT.

The Turku region lies in the heart of the Nordic countries within reach of Finland's best connections to Scandinavia and a few hours' drive from St Petersburg. It forms a congestion-free logistic hub for all models of transport, making the Turku region a superb location for doing business in Northern Europe.

Turku, the oldest city in Finland, is a bilingual Baltic Sea region growth centre and the heart of the province. Turku offers people the best quality of living and a unique development environment for companies near the most beautiful archipelago in the world.

New developments

New developments include LogiCity, the most logistically attractive of the many commercial locations in the Turku region, which is to be built in the immediate vicinity of Turku Airport.

LogiCity will rise in an area bordered by the airport, the railway connection to Russia and on to China, the motorway into central Finland and the E18 ring road. The ports of Turku and Naantali can be reached by road from LogiCity in about 15 minutes.

LogiCity is a concept based on logistical efficiency. An environment where all modes of transport and a supply of versatile logistics services meet to create an integral cluster. For businesses that utilise logistics, LogiCity offers an operating environment that generates genuine added value.

It is designed for all companies seeking greater process efficiency through logistics, companies typically operating in, for instance, transport and value-added logistics, the distribution centre business, warehousing and wholesale operations, and logistics functions for high-tech industries. Once the land use plan for the northern side of the airport has been completed more than one million square metres of floor space will be open for construction.

The Turku region is internationally known for its advances in the metal and maritime industry and biotechnology. Other strong industries in the region include logistics, energy production and the food industry.

Entrepreneurs and start-up businesses

Turku also welcomes entrepreneurs. This year the region hosted The European Day of the Entrepreneur (EDE), an event for entrepreneurs and representatives of organisations involved in daily economic life. The aim was to promote and encourage entrepreneurship locally, nationally and internationally by offering seminars, presentations and service advice.

EDE offered an excellent opportunity to meet business leaders and corporate innovators from all across the Baltic Sea region. One of the event's main goals was networking, which has become more and more important in business.

Start-up businesses can also find help in Turku. Potkuri Business Service Centre offers a range of free services including:

  • A network of experts to evaluate your business idea and help you make a business plan
  • Trade register
  • Free personal consultations
  • Training services for starting entrepreneurs and employees
  • Recruiting services

Low labour costs and a great location

It is far less expensive to reach the important Baltic Sea markets from Turku region than from the other cities of the Baltic Sea area. The prime office rents in Turku are less than half of those in Helsinki or Oslo. In Stockholm, prime office rents are as much as 150% more than in Turku.

The average labour costs are lower in Finland than in many other EU countries. In particular, the cost of hiring highly educated and skilled labour is relatively cheap here. In other words, the more education the job requires, the more cost-effective labour in Finland becomes.

With 85 million people living within a 1,000km radius, the Turku region is at the heart of a huge market. The good rail and road connections, frequent ferry departures and short flying times make it easy to reach the entire Baltic Sea area.

Are the growing Russian and Far Eastern markets important to your company? Could the technology centres of Scandinavia help develop the solutions that your customers need? If the answer to these questions is "yes", Turku offers a bright future in a great location.

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