Date of adoption of the decision

14 December 2021

Case No

87845

Decision No

290/21/COL

EFTA State

Norway

Title (and/or name of the beneficiary)

COVID-19 - Prolongation of and amendments to the Norwegian umbrella scheme for liquidity support for undertakings in municipalities hit by the COVID-19 pandemic

Legal basis

The Government’s budget proposition, Prop. 79 S (2020– 2021) approved on 23 February 2021

Terms and conditions for the measure are described in the letters of assignment to the municipalities, issued by the Ministry of Local Government and Modernisation

Chapter 6 of the Regulation on economic management for national authorities sanctioned by Royal decree as of 12 December 2003 is of relevance

Type of measure

Scheme

Objective

To ensure access to liquidity for undertakings facing a sudden shortage/unavailability of liquidity due to the impact on the economy of the COVID-19 pandemic and the resulting local or national infection control measures

Form of aid

Direct grants

Budget

Maximum estimated budget is NOK 4.55 billion

Intensity

The measure provides all municipalities/regional counties with a framework within which they may aid local undertakings that experience increased costs or losses. The need for funds may therefore vary

Duration

Until 30 June 2022

Economic sectors

Sectors or undertakings may vary under the different municipal/county schemes. The measure does not apply to undertakings that are fully funded by public authorities and is not open to the finance sector however

Name and address of the granting authority

Ministry of Local Government and Modernisation is the authority responsible for the measure and for defining the framework within which the municipalities and regional counties may adapt and prioritise local schemes

Other information