ESA approves changes to resilience grants

The EFTA Surveillance Authority (ESA) today approved amendments to a measure on the part of Iceland that offers companies and self-employed persons grants, provided that the conditions are met. This is stated in the announcement.

The changes enable companies and individuals to apply for grants until the end of June 2022, due to loss of income from 1 December 2021 to 31 March 2022.

The maximum aid per beneficiary is also increased from ISK 260 million to ISK 330 million.

The measure means that direct subsidies will be provided to companies and the self-employed in all sectors that have suffered a loss of income due to the effects of the coronavirus virus.

ESA first approved the resilience grant in December 2020. The measure is broadly aimed at promoting the continued economic activity of companies and ensuring resilience when the pandemic situation returns to normal.

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