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
, applies locally
|Time period||Open ended, started on 17 March 2022|
|Context||War in Ukraine, Green Transition, European Semester|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Aasmund Arup Seip, FAFO and Eurofound|
|Measure added||08 June 2023 (updated 13 June 2023)|
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.
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:
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:
The budget for 2023 is NOK 100 million (€8.5 million), and the scheme is administered by Innovation Norway.
The budget for 2023 is NOK 100 million (€8.5 million). There is no information yet on the impact of the measure.
|Does not apply to workers||Applies to all businesses||Does not apply to citizens|
Local / regional government
Public support service providers
National Recovery and Resilience Facility
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 as case is not in social partner domain.
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, https://static.eurofound.europa.eu/covid19db/cases/NO-2022-12_3234.html
30 January 2023
Governments across the EU continue to implement policies to support citizens and businesses in the face of rising food and energy prices caused by the COVID-19 crisis and intensified by the war in Ukraine. This article summarises the policy responses as reported in Eurofound's EU PolicyWatch database from January to September 2022.Article
12 September 2022
Although the worldwide pandemic situation had already disrupted supply chains and triggered increases in energy and food prices in 2021, the situation deteriorated in 2022 with the Russian invasion of Ukraine.Article
12 September 2022
This article summarises the first policy responses that governments across the EU have started to implement to support companies affected by the rising prices, and those with commercial ties to Ukraine, Russia or Belarus.Article
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.