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State Aid

PR(09)40: Financial crisis: the Authority authorises a Norwegian temporary aid scheme to grant compatible aid of up to €500 000

20.5.2009

The EFTA Surveillance Authority has today authorised, under Article 61(3)(b) of the EEA Agreement, a Norwegian measure to help businesses deal with the current economic crisis.

Aid of up to €500 000 per firm may be granted until 31 December 2010 to businesses facing funding problems because of the current credit squeeze. The aid can take the form of direct grants, reimbursable grants, interest rate subsidies and subsidised public loans and public guarantees. This measure is meant to contribute to remedying the disturbance in the Norwegian economy which the current financial and economic crisis has provoked.

The scheme meets the conditions laid down in the Temporary Framework for state aid measures to support access to finance in the current financial and economic crisis. In particular, the scheme is limited in time and scope and concerns only companies that were not in difficulty on 1 July 2008, that is before the unfolding of the crisis. 

For further information, please contact:

Marianne Clayton,
Competition and State Aid Directorate
tel. (+32)(0)2 286 18 23

Tormod Moland,
Competition and State Aid Directorate
tel. (+32)(0)2 286 18 18

 

 

Brussels, 20 May 2009




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