Housing and property business
Housing companies are responsible for providing sufficient rental housing in the City of Turku area. Property business solutions improve the city’s economic status and indirectly add value to social, cultural and industrial policies, for example.
Economy and competence business
Turku enhances the vitality of its region by creating favourable conditions for business activities, while engaging in competitive ventures only to a limited extent. Companies under Turku’s industrial policy collaborate with the city’s universities and higher education institutions, for example, by using their resources and expertise to create new businesses and jobs.
Energy, water and infrastructure business
To guarantee the stability of operations and regulate the market, companies responsible for critical functions in the city must remain under Turku’s private ownership or control. Natural monopolies and similar companies, based on infrastructure needs, include district heating, electricity distribution, district cooling, water supply and sewage systems, domestic water production and wastewater treatment. Wholesale water companies do not aim to make a profit through their operations; instead, they sell their end products to their owners at cost price.
Tourism and cultural business
Five of the city’s strategic entities are responsible for some of the tourism and cultural services offered by the City of Turku, the Turku Group and the urban region. The city benefits indirectly from their activities, gaining increased tourism revenue for local businesses and enhanced cultural capital and well-being for residents through high-quality cultural offerings.
Production business
The city’s production business companies are responsible for supporting the city’s basic services. With the exception of Turun Kaupunkiliikenne Oy (Turku Urban Traffic), they operate on the market on a commercial basis. The companies take part in tenders issued by the city and its subsidiaries.
Turku Ownership Policy and Group Guidelines
The Ownership Policy is a strategic management tool aimed at ensuring systematic operations, preserving asset value, and maintaining consistency in decision-making across the Turku Group.
With the Group Guidelines, Turku guides its subsidiaries and, to some extent, its associates. The guidelines include obligations such as the requirement for the entity to consult the City of Turku in advance on important decisions and the composition of the boards of the city’s subsidiaries.
You can find the latest key figures and information on the companies owned by Turku, as well as the City Group’s governance and risk management, in the City of Turku’s Financial Statements.