Tourism companies with a large drop in turnover will be compensated for fixed, unavoidable costs, Minister of Trade and Industry Iselin Nybø (V) said on Tuesday.
The compensation scheme for tourism consists of two packages totaling NOK 1.4 billion, Nybø stated at the government’s press conference for the tourism industry on Tuesday afternoon.
“The goal is to prevent otherwise viable tourism companies from going bankrupt, to secure jobs, and give the industry time and space to adapt to the situation,” Nybø pointed out.
The new scheme is based on the temporary compensation scheme that was discontinued at the end of August.
Scheme extended up to December 31, 2020
It will apply to, among other things, the accommodation and catering industry, event and conference organizers, as well as museums and amusement parks.
Companies must be able to show a drop in turnover of 40% or more in order to qualify.
The scheme will apply from September 1 to December 31, 2020.
Norwegian companies can apply for a one-off payment of up to NOK 10 million per company per month.
© NTB Scanpix / #Norway Today