Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure BE-2020-41/1697 – measures in Belgium
, applies regionally
|Time period||Open ended, started on 06 October 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Dries Van Herreweghe (Katholieke Universiteit Leuven) and Eurofound|
|Measure added||11 January 2021 (updated 13 January 2021)|
The Winwin loan is a system that encourages Flemish private individuals to grant a subordinated loan to small and medium-sized enterprises.
A private individual can lend up to €75,000 to a Flemish SME for a period of 5 to 10 years. In return, the lender receives an annual tax credit of 2.5% on the outstanding capital of the Winwin Loan. If the borrower is unable to repay, the lender may also recover 40% of the amount due via a one-off tax credit. An SME can take out Win-win loans of up to €300,000, up to a maximum of €75,000 per lender.
The Winwin loan system was already in place before the current crisis. At the start of the second wave the system was extended and made more flexible:
No data is available of uptake of the measure.
|Does not apply to workers||Applies to all businesses||Applies to all citizens|
Local / regional government
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
No clear indication of the involvement of the social partners.
Employers association Unizo has applauded the usage and extension of the Winwin loan. They state that it is an intelligent measure that leads to a win for everyone involved.
Eurofound (2021), Winwin-loan, measure BE-2020-41/1697 (measures in Belgium), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/BE-2020-41_1697.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.