Norway announced its state budget for 2017 today, and will set aside NOK 56 million (approximately USD 7 million) for the 25% film incentive, up from NOK 45 million in 2016. The incentive aims to encourage large budget productions to film in Norway, and comes in addition to funding programmes for domestic production and co-production.
Norwegian Film Institute will open for applications for the 25% film incentive on September 1st 2016, and the application deadline is set for January 2017. Production costs assumed in Norway after confirmed receipt of the application will qualify for the cash back. The program cap will be announced in the State Budget, expected October 6th 2016.
Backed by Norway's new cash rebate, Alexander Payne's eagerly awaited Matt Damon-starrer moves to Western Norway and Lofoten to capture coastal and fjord locales. Downsizing stars Kristen Wiig (of Norwegian descent), Alec Baldwin, Jason Sudeikis, Neal Patrick Harris, Christoph Waltz, Udo Kier, Paul Mabon, Warren Belle and Hong Chau, as well as Nordic actors such as Norway's Ingjerd Egebjerg and Sweden's Rolf Lassgård.
The Norwegian Film Institute has announced that the incentive programme will go into effect on January 1st, when the online application form will be available on the institute's website. The first application deadline will be January 21st, and applications may be submitted in Norwegian or English.
The main producer can apply for the incentive, but the grant recipient must be an audiovisual production company registered in the Norwegian Register of Business Enterprises, established specifically for the production.
Applications will be reviewed by the Norwegian Film Institute's production advisors, and it is expected that funding decisions will be taken within 6 weeks of the application deadline.
The grant amount may total up to 25% of Norwegian qualifying production expenditure. Costs which arise before the Norwegian Film Institute confirms receipt of the application, will not be approved.
Photo by Sverre Hjørnevik / wwww.fjordnorway.com