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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-2022-12/3234 – measures in Norway

Grants for corporate transitions to holistic and circular value chains

Grønt investeringstilskudd i distriktene

Country Norway , applies locally

    • – NO020 Innlandet
      – NO060 Trøndelag
      – NO071 Nordland
      – NO074 Troms og Finnmark
      – NO082 Viken
      – NO091 Vestfold og Telemark
      – NO092 Agder
      – NO0A1 Rogaland
      – NO0A2 Vestland
      – NO0A3 Møre og Romsdal
Time period Open ended, started on 17 March 2022
Context War in Ukraine, Green Transition, European Semester
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Direct subsidies (full or partial) or damage compensation
Author Aasmund Arup Seip, FAFO and Eurofound
Measure added 08 June 2023 (updated 13 June 2023)

Background information

In 2022, Innovation Norway Case number NO-2004-1/2547 has emphasized the need to turn more funds towards green projects. A new pilot scheme called Green Investment Grants was established. Innovation Norway expects that the project will help the country meet the environmental targets in the EU taxonomy, which is a stricter assessment of green projects than in other investment grants. The pilot project strengthens Innovation Norway's green portfolio.

Content of measure

The Green Investment Grants was established as a result of the war in Ukraine, with an eye to the EU plan "REpowerEU" and the "Green Deal" strategy. Green Investment Grants are aimed at industrial companies that plan to undertake major investment projects within the regional policy area. The projects must have a positive environmental impact and aim to contribute to the development of integrated and circular value chains.

The grants target industrial companies situated in municipalities mentioned in the Regulations on the Scope of Regional-Oriented Investment Support (FOR-2021-12-14-3661). They also target companies that are making investments in their own production line with the intention of producing and selling solutions that address environmental challenges. This can include the production of technology for renewable energy production, energy systems, and energy efficiency, as well as purification technology for water and air. It also includes material recycling where it is more environmentally friendly than the current waste management practices.

Requirements for receiving Green Investment Grants for a project include:

  • its contribution to the green transition, value creation, and employment
  • its significant and quantifiable environmental impact

The applicant must explain the assumptions and compare them to the best available alternative. Projects prioritised qualify according to the principles of the EU taxonomy for sustainable activities. Projects that support the development of integrated and circular value chains are prioritised.

Green Investment Grants can also be used for investments in machinery, equipment, and intangible assets that enable established companies to reduce greenhouse gas emissions in their own production. This can involve the transition to circular production processes and energy efficiency measures where the investment will result in lasting change to the company's production and reduction of the company's environmental impact.

Approved costs are:

  • Investments in a) buildings and real estate, b) machinery and equipment, c) intellectual property rights, etc.
  • The company's costs for implementing the approved investments, including costs for testing, training, adaptations, and so on, can be approved if they are capitalized along with the investment.

The budget for 2023 is NOK 100 million (€8.5 million), and the scheme is administered by Innovation Norway.

Use of measure

The budget for 2023 is NOK 100 million (€8.5 million). There is no information yet on the impact of the measure.

Target groups

Workers Businesses Citizens
Does not apply to workers Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
Local / regional government
Public support service providers
National funds
National Recovery and Resilience Facility

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement as case not in social partner domain No involvement as case not in social partner domain
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: N/A


No involvement as case is not in social partner domain.

Views and reactions

No known views.



Eurofound (2023), Grants for corporate transitions to holistic and circular value chains, measure NO-2022-12/3234 (measures in Norway), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.