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PR(99)02: EFTA Surveillance Authority clears state aid for investment in Granvin Bruk P/L in Granvin, Norway

24.9.2002

The EFTA Surveillance Authority  today decided not to raise objections to State aid which the County Commissioner of Hordaland has planned to provide from the Rural Development Fund ("Bygdeutviklingsfondet") in support of certain investments by Granvin Bruk P/L .

Granvin Bruk P/L is a saw-, planing- and impregnate-mill located in the municipality of Granvin in the county of Hordaland. The total turnover in 1997 was NOK 41.1 million (EUR 4.7 million). The aid project consists of investment in a new crosscut saw line. Total investment costs are NOK 75.3 million (EUR 8.6 million). The County Commissioner of Hordaland has decided to award a grant of NOK 3 million (EUR 0.34 million) from the Rural Development Fund ("Bygdeutviklingsfondet")  in support of the investments by Granvin Bruk P/L.

The grant of NOK 3 million constitutes net of taxes 3.05% of the eligible investment costs. The aid intensity is therefore well below the relevant maximum aid ceiling of 15%, with a supplement of 10% gross for small and medium-sized enterprises (SMEs), for regional investment aid which the Authority has approved for the municipality of Granvin.

The EFTA Surveillance Authority has therefore concluded that the aid granted by the County Commissioner of Hordaland to Granvin Bruk P/L qualifies for exemption under Article 61(3)(c) of the EEA Agreement as aid to facilitate the development of certain economic areas, without adversely affecting trading conditions to an extent contrary to the common interest.

For further information please contact Amund Utne on tel. +32-2-286 18 50 or Rolf Egil Tønnessen on tel. +32-2-286 18 56.

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