Date of adoption of the decision

15 December 2020

Case No

85870

Decision No

164/20/COL

EFTA State

Norway

Region

Whole territory of Norway

Title (and/or name of the beneficiary)

Amendment and prolongation of the COVID-19 Grant scheme for undertakings suffering a substantial loss of turnover

Legal basis

Act on a temporary grant scheme for undertakings suffering a substantial loss of turnover

Type of measure

Scheme

Objective

Compensate for damages to undertakings caused by the COVID-19 outbreak to secure employment and ensure a faster recovery of the economy after the crisis

Form of aid

Grants

Budget

Estimated maximum budgetary implication of NOK 5 billion for the prolongation period to 28 February 2021. This comes in addition to an estimated maximum budgetary implication of NOK 30 billion for the period from 1 March to 31 August 2020.

Intensity

100 %

Duration

The prolonged scheme covers losses from 1 September 2020 to 28 February 2021 included

Economic sectors

All sectors except for companies engaged in petroleum extraction and production, companies engaged in production, transmission, distribution and trade of electric power, financial institutions and companies whose main purpose is investment activities, and private kindergartens and airlines

Name and address of the granting authority