COVID-19 pandemic: ESA approves compensation to Trondheim Spektrum AS

The EFTA Surveillance Authority (ESA) has today approved NOK 5.4 million (EUR 540 000) in compensation to Trondheim Spektrum AS for financial losses caused by COVID-19 related restrictions.

Trondheim Spektrum is a multipurpose venue used for concerts, conferences, trade fairs and sporting events. The venue is operated by Trondheim Spektrum AS. The company suffered substantial losses from March 2020 to June 2021, when nearly all events had to be cancelled due to restrictive measures put in place to contain the spread of COVID-19.

The aid will be provided as a direct grant from Trondheim Municipality and will partially compensate Trondheim Spektrum AS for losses incurred as a direct result of the COVID-19 related measures adopted by the Norwegian authorities.

ESA concludes that the aid is in line with EEA state aid rules.

Read ESA's decision here.