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-2020-12/752 – Updated – measures in Netherlands
|Country||Netherlands , applies nationwide|
|Time period||Temporary, 17 March 2020 – 31 December 2021|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Deferral of payments or liabilities
|Author||Amber van der Graaf (Panteia)|
|Measure added||21 April 2020 (updated 18 October 2021)|
This expansion of the Qredits system is part of the package of emergency measures to deal with the COVID-19. This was a package of several measures which have been taken to combat the pandemic and its effects.
The Qredits microfinancing system is an existing government sponsored financier. This microcredits fund is more a permanent feature that is being temporally expanded as part of the package of emergency measures by the national government.
The Qredits microcredit fund is a governmental fund which provides financing as well as support and coaching to micro and small enterprises which face challenges gaining financing via more traditional avenues (such as bank loans). Users of the fund tend to be small, notably micro-enterprises and are often run by individuals with a poorer socio-economic or migrant background. With the aim of supporting small entrepreneurs who are hit by the COVID-19-related measures, Qredits has relaxed some of the financing conditions.
Small entrepreneurs can delay their loan payments for up to six months and the interest rate will be kept at 2%. The national government supports Qredits in this effort with a maximum of €6 million.
The following updates to this measure have been made after it came into effect.
|16 June 2021||
The arrangement has been extended until 31 December 2021, due to the continuous COVID-19 situation.
|11 May 2021||
Entrepreneurs can apply for a bridge loan up to 30 June 2021. The first 6 months months repayment is not required, providing an indirect interest discount.
|13 July 2020||
The aim of this measure is to support the 6,000 small entrepreneurs who currently have Qredits loans. Besides this Qredits hopes to provide another 2,000 entrepreneurs with Overbruggingskredieten , or bridging credits. In total Qredits aims to support 8,000 small entrepreneurs.
Data of 2020 indicates that Qredits granted 1,400 COVID-related interest reductions and loan payment delays. Data for 2021 not available yet.
|Does not apply to workers||
One person or microenterprises
||Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Consultation through tripartite or bipartite social dialogue bodies||Consultation through tripartite or bipartite social dialogue bodies|
Social partners' role in the implementation, monitoring and assessment phase:
Since the outbreak of the Corona crisis, the government has had regular and close consultation with the social partners. Together the national level social partners and the government arrived at the first and second packages of emergency measures, announced March 17th and May 20th respectively.
No information available.
Eurofound (2020), Interest reduction and loan payment delays for small enterprises using microcredit Qredits system, measure NL-2020-12/752 (measures in Netherlands), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/NL-2020-12_752.html
30 January 2023
Governments across the EU continue to implement policies to support citizens and businesses in the face of rising food and energy prices caused by the COVID-19 crisis and intensified by the war in Ukraine. This article summarises the policy responses as reported in Eurofound's EU PolicyWatch database from January to September 2022.Article
12 September 2022
Although the worldwide pandemic situation had already disrupted supply chains and triggered increases in energy and food prices in 2021, the situation deteriorated in 2022 with the Russian invasion of Ukraine.Article
12 September 2022
This article summarises the first policy responses that governments across the EU have started to implement to support companies affected by the rising prices, and those with commercial ties to Ukraine, Russia or Belarus.Article
5 July 2022
This article summarises the first policy responses of EU Member States, including those of the social partners and other civil society actors, enabling refugees to exercise their rights under the Temporary Protection Directive.Article
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.