Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure NO-2020-13/1208 – measures in Norway
|Country||Norway , applies nationwide|
|Time period||Open ended, started on 23 March 2020|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
– Deferral of payments or liabilities
|Author||Aasmund Arup Seip, FAFO and Eurofound|
|Measure added||01 October 2020 (updated 15 October 2020)|
In March 2020, Innovation Norway (Innovasjon Norge) put into action several measures to facilitates the business community's access to Innovation Norway's total budget of seven billion kroner (€650 million) due to the COVID-19 crisis. Among the measures were reduced interest rates, innovation and risk loans with lower collateral requirements and no instalments on start-up loans for the first four years. Innovation Norway is a Norwegian hybrid state-owned company established by law in 2003 with the aim of increasing innovation, growth and export for Norwegian businesses through capital and expertise. Innovation Norway manages funds for ministries and counties.
The 23 March, Innovation Norway adjusted its offerings to meet changing needs as a result of the COVID-19 pandemic. The measures apply to grants, loans and guarantees. Among the measures are:
No information to date.
|Does not apply to workers||
|Does not apply to citizens|
Public support service providers
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Direct consultation outside a formal body||Direct consultation outside a formal body|
Social partners' role in the implementation, monitoring and assessment phase:
Social partners have been consulted regularly during design and implementation of the measure.
Social partners are supportive to the measure.
Eurofound (2020), Easing access to Innovation Norway's total framework , measure NO-2020-13/1208 (measures in Norway), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/NO-2020-13_1208.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.