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State Aid

PR(06)60: The EFTA Surveillance Authority accepts the Norwegian regional risk-loan scheme

19.12.2006

The EFTA Surveillance Authority decided today not to raise objections to a prolongation of the Norwegian regional risk-loan scheme.

The scheme concerning risk-loans for regional investments is aimed at promoting economic development in areas eligible for regional aid. These are determined by the decision on the regional aid map for Norway, previously approved by the Authority. The aim of the scheme is to support investment and job creation in the qualified regions.

The scheme will be funded both over the State budget and through allocations from the County municipalities. The yearly allocation to the scheme will be of approximately NOK 100 million (approximately EUR 13 million).

The scheme is notified for the period from 1 January 2007 to 31 December 2013. 

For further information, please contact:

Mr. Amund Utne, Director, Competition and State Aid Directorate,
tel. (+32)(0)2 286 18 51; or

Ms. Marie Wiersholm, Officer, Competition and State Aid Directorate,
tel. (+32)(0)2 286 18 65.

19 December 2006




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