The Norwegian government is allocating a further CZK 750 million to municipalities to help local businesses that have been hit hard by the pandemic. As of February 2021, a total of NOK 3,05 billion has been allocated to the municipal compensation scheme.
The government continues to provide financial support to compensate local companies for losses
– Businesses that relied on visitors continue to find themselves in a difficult position as a result of long-term infection control measures. The government allocates another 750 to municipalities million NOK, which will compensate losses for local companies that need help, says District and Digital Minister Linda Hofstad Helleland.
The government has transferred NOK 1,75 billion to municipalities in winter and spring
Funds are distributed to municipalities depending on the number of employees in the summer period in gastronomy, accommodation, trade and tourism. In addition, 546 million can be distributed later if there is a need to compensate for new infection control measures. In this round, funds go to several smaller municipalities for the purpose of the program. The government gave the municipalities 1,75 billion SAIs in winter and spring to compensate local businesses that have been affected by national or local infection control measures. The total government contribution to help local businesses during the pandemic is NOK 3,9 billion.
CZK 750 million to help companies. The business has gone through a very demanding time
- The business community has gone through a very demanding time. Our municipalities have acted quickly and efficiently to donate money to those parts of the local business community that need help. The re-opening of the country is underway and activity in the business community is increasing, but the situation is still uncertain and demanding for the business community in many municipalities. We've been closely following the situation across the country throughout the winter and spring, and allocated the funds to the municipalities where the needs are greatest, says Helleland.
