Norway announces NOK 350m festival cancellation pot
"This is to create predictability now, so that the industry can start planning different scenarios," says Norway's minister of culture
News By IQ | 8 February 2021
The Norwegian government is committing NOK 350 million (€34m) to a cancellation insurance fund for festivals, allowing organisers to plan for this summer without the financial risk posed by a potential Covid outbreak.
Norway’s minister of culture, Abid Raja, announced in a press conference last week that the financial safety net will help organisers plan for July and August.
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“[The insurance pot is] to create predictability now, so that the industry can start planning different scenarios and be confident that…
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