"The layout of the circuit is very nice, it’s fast and it’s safe, and we’re very happy to announce this," said Carmelo Ezpeleta, chief executive of commercial rights holders Dorna Sports, in a statement.
The circuit is under construction near the city of Kouvola, in southern Finland. Dorna had hoped last year that it would be ready for 2018.
Finland hosted motorcycle grands prix in Tampere and Imatra between 1962 and 1982.
The late Jarno Saarinen, who died at Monza in Italy in 1973, is the only Finn to have won a motorcycle grand prix world championship, in 250cc in 1972.
(Reporting by Alan Baldwin in London, editing by Toby Davis)
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