The compensation scheme offers financial compensation to enterprises which have experienced a substantial decrease in turnover as a result of the coronavirus pandemic. The outbreak of the coronavirus pandemic and the authorities’ infection control measures continue to create challenges for much of the Norwegian business sector. The Government has therefore set up a broad, temporary compensation scheme for businesses which are experiencing a substantial decrease in turnover due to the crisis.
How long will the scheme last?
Enterprises can apply for grants for the period from 1 September 2020 to 30 June 2021, with support being calculated for periods of two months at a time. Applications for the first two periods, i.e. September to October and November to December, can be submitted between 18 January and 14 March 2021. Applications for January and February can be submitted between 15 March 2021 and 15 May 2021. We will announce the dates of the application and grant periods as soon as they become available.
Who is behind the scheme?
The Ministry of Trade, Industry and Fisheries has tasked the Brønnøysund Register Centre with developing and administering the grant scheme.
It has been working closely with many stakeholders in order to get the new compensation scheme up and running quickly. The Norwegian Tax Administration, the Norwegian Digitalisation Agency, the Norwegian Institute of Public Accountants and Accounting Norway have all contributed.
Enterprises applying for grants must use a digital application form in Altinn. Here, the enterprise must enter information about itself, turnover figures, fixed and unavoidable costs, etc.
Applicants must use an authorised accountant or auditor. Each application must be confirmed by the auditor or authorised accountant before it is submitted.
Checks prior to payment
The solution has an integrated accuracy assessment system to verify the identity of the applicant and the subsidy amount against various register data and through cross checks. All approved applications will undergo an evaluation of seriousness before payments are made. If the checks uncover any discrepancies, the application may be processed manually and undergo an extra evaluation.
Checks performed after payment
This scheme is based on a credibility assessment and checks being carried out before the grant is disbursed. After an application has been received, a number of checks are performed to verify the information that was provided in connection with the grant application. The grant authorities check the information against information obtained from a wide variety of sources and registries.
Checks following payment
In addition to checks and cross-checks during the application process, checks can also be carried out retrospectively in order to uncover any misuse of the grant scheme. Checks will also be carried out against registry information, including the receipt of other government grants and income safeguards in connection with the coronavirus pandemic for the same period, even if such support was not known at the time the application was submitted to the compensation scheme.
The Brønnøysund Register Centre may impose sanctions if an enterprise receiving a grant provides inaccurate or incomplete information.
You can see who is receiving support
Enterprises that have received grants via the compensation scheme will be announced after their application has been approved.
Information about the enterprise and the amount awarded will be searchable. The audit or accountancy firms that verified the information in the applications will also be stated.
You can see who has received grants here (only in Norwegian).
Read more about the scheme:
Act and regulations
Press release 06.01.21: Compensation scheme extended through to end of April (In Norwegian only)
Press release 23.11.20: Nybø: – Start getting ready before Christmas (In Norwegian only)
Press release 10.11.20: New compensation scheme presented (In Norwegian only)