Factsheet for case NO-2020-13/1211 – Updated – measures in Norway
|Country||Norway , applies nationwide|
|Time period||Open ended, started on 27 March 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Aasmund Arup Seip, FAFO and Eurofound|
|Case created||01 October 2020 (updated 04 May 2021)|
The 27 March, the government proposed a new package of measures worth almost NOK 4.5 billion (€440 million) to help companies through the COVID-19 crisis. Half of the state funded package should go to strengthening subsidies for entrepreneurs and growth companies. Innovation Norway (Innovasjon Norge) manage the funds that will go to development projects in innovative start-ups, small and medium-sized enterprises, and growth companies across the country. 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 (Innovasjon Norge) manage a government funded package of measures to help the country's entrepreneurs and growth companies through the COVID-19 crisis. With these grants, Innovation Norway shall contribute to the national benefit with instruments that complement the other measures the government has already introduced. The package represents an increase in Innovation Norway’s framework of NOK 4.5 billion. It is distributed as follows:
No information to date.
One person or microenterprises
|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 the design and implementation of the measure.
The social partners are supportive of the measure.
Eurofound (2020), New measures for entrepreneurs and growth companies , case NO-2020-13/1211 (measures in Norway), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.