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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 NL-2020-12/748 Updated – measures in Netherlands

Expanding business loan guarantee scheme

Garantie Ondernemersfinanciering (GO-C)

Country Netherlands , applies nationwide
Time period Temporary, 17 March 2020 – 30 June 2022
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Amber van der Graaf (Panteia)
Measure added 21 April 2020 (updated 01 September 2022)

Background information

The case was initiated by the Dutch government, specifically by the Dutch Ministry of Economic Affairs and Climate. This measure is part of the package of emergency solutions to deal with COVID-19 that have been taken to combat the outbreak and its effects.

This measure is more a permanent feature that is being temporally expanded in consequence of the emergency condition of the economy after the implementation of the social distancing measures taken by the government.

Content of measure

Enterprises (large and SMEs) need to offer guarantees when applying for bank loans and bank guarantees. The Netherlands has a measure in place for this issues, called the Guarantee for Enterprise Financing (Garantie Ondernemersfinanciering, or GO), where the government acts as a guarantor for up to 50% of an enterprise’s loan.

To help enterprise continuity, the national government has raised the ceiling of the GO from €400 million to €1.5 billion in March 2020. The COVID-19 related raise was called GO-C.

The maximum guarantee per enterprise is €150 million.

As of April 2020, the credit guarantee has been increased from 50% to 75%. This enables banks to extend credit more easily and quickly, and enterprises to lend more money faster. The GO ceiling has been raised to €10 billion.


The following updates to this measure have been made after it came into effect.

01 June 2022

Extended until 30 June 2022, most probably for the last time.

30 August 2021

While most measures end on 1 October 2021, the COVID-19 financing arrangements KKC, Qredits bridging loan, BMKB-C and GO-C will remain in force throughout the year to continue to facilitate market financing. Companies that need liquidity can make use of this measure until 31 December 2021.

18 May 2021

The subsidy ceiling for the GO and GO-C regulation has been set at €2.5 billion. The scheme was originally scheduled to close on December 15, 2020, but opening has been extended until 30 June 2021.

20 May 2020

As of May 2020, the credit guarantee has been increased to 80% to 90% of the loans for larger and SMEs respectively. This is part of the extension of the emergency measures, announced on 20 May 2020.

Use of measure

As of May 2021, the Central Statistics Office (CBS) reported that a total of 80 companies had made use of the GO-C measure so far, for a total sum of €616 million.

Target groups

Workers Businesses Citizens
Does not apply to workers Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Consulted Consulted
Form Direct consultation outside a formal body Direct consultation outside a formal body

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: Unknown


The main, national, level social partners have been involved in the development of the emergency response measures. The national government indicates it has been meeting on a regular, weekly basis, with social partners to consult on measures.

Views and reactions

Though not discussed in great detail, the social partners (national level trade unions and employer organisations), have come together to discuss with the government how best to tackle the effects of the corona virus on workers and employers so as to keep the Dutch economy going. In the Netherlands relevant, national sectoral social partners are often involved in national policy making in a consultational capacity so that partners may reflect on regulatory plans and their intended impacts. This happens in a direct consultation fashion or through tripartite meetings (facilitated by the National Labour Foundation). The social partners were consulted for the whole package of measures introduced by the Dutch cabinet on March 17th 2020.



Eurofound (2020), Expanding business loan guarantee scheme, measure NL-2020-12/748 (measures in Netherlands), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.