11.2.2021   

EN

Official Journal of the European Union

C 48/11


State aid – Decision to raise no objections

(2021/C 48/08)

The EFTA Surveillance Authority raises no objections to the following state aid measure:

Date of adoption of the decision

6 November 2020

Case No

85756

Decision No

128/20/COL

EFTA State

Iceland

Title

COVID-19 Closure grants

Legal basis

Act No 38/2020 on closure grants

Type of measure

Scheme

Objective

The objective of the measure is to maintain the level of employment and economic activity in Iceland by supporting undertakings that have incurred a temporary loss of income due to the COVID-19 pandemic and measures imposed to fight the spreading of the virus.

Form of aid

Direct grants

Budget

An estimated budget ISK 1 billion and a maximum budget ISK 2 billion

Duration

Until 30 June 2021

Economic sectors

All sectors

Name and address of the granting authority

Iceland Revenue and Customs

Tryggvagata 19

101 Reykjavík

ICELAND

The authentic text of the decision, from which all confidential information has been removed, can be found on the EFTA Surveillance Authority’s website: http://www.eftasurv.int/state-aid/state-aid-register/decisions/