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Database of national-level policy measures

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-2022-14/2282 – measures in Norway

Loan guarantee scheme for companies affected by the war in Ukraine

Lånegarantiordning for bedrifter

Country Norway , applies nationwide
Time period Temporary, 01 April 2022 – 31 December 2022
Context War in Ukraine
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Aasmund Arup Seip, FAFO and Eurofound
Measure added 16 May 2022 (updated 13 June 2023)

Background information

On 18 March 2022, the government announced that it would introduce several support measures to help companies hard hit by Russia's war against Ukraine and subsequent sanctions. On 1 April, the government presented details of these schemes and sent a proposition to the parliament for consideration.

The Government proposed to establish a new loan guarantee scheme under Export Financing Norway (Eksfin) (Prop 78 S (2021-2022)). The purpose of the measure is to provide liquidity to profitable companies that lack liquidity due to the war in Ukraine. Companies all over the country can apply for support from the loan scheme.

Content of measure

The loan guarantee scheme for companies is a temporary scheme that provides risk relief to banks. The scheme will have a budget of NOK 400 million (€40 million). The offer applies to new loans and the scheme covers companies that have had a minimum turnover of 40% to Russia, Belarus and / or Ukraine, and which have experienced a significant lack of liquidity as a result of Russia's war of aggression against Ukraine. The loans shall not amount to more than 15% of the companies' annual turnover in the last three years. The government proposes that the guarantee scheme covers 90% of the loan. The state and the banks take losses under the guarantee on equal terms. Guarantees can be given for loans of up to NOK 50 million (€5 million) and with a term of up to six years. The loans can be used to cover operating expenses and investments.

The scheme has to be approved by the EFTA Surveillance Authority ESA.

Use of measure

No information.

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
Public support service providers
National funds

Social partners

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

Trade unions Employers' organisations
Role Unknown Unknown
Form Not applicable Not applicable

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

  • Unknown
  • Main level of involvement: N/A


No information on social partners involvement during design and implementation of the measure.

Views and reactions

The social partners are supportive of the measure.


  • 01 April 2022: This is how the support schemes for companies with high exposure to Russia become (


Eurofound (2022), Loan guarantee scheme for companies affected by the war in Ukraine, measure NO-2022-14/2282 (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.