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-2020-12/827 – Updated – measures in Netherlands
|Country||Netherlands , applies nationwide|
|Time period||Temporary, 16 March 2020 – 30 June 2027|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Amber van der Graaf (Panteia)|
|Measure added||07 May 2020 (updated 12 June 2023)|
The SME credit guarantee scheme (BMKB) was created to support SMEs affected by more stringent environmental legislation.
In light of the COVID-19 crisis, the scheme has been temporarily expanded to SMEs grappling with the economic consequences of the outbreak. The aim is to keep businesses afloat by providing more government guaranteed credit.
The scheme was introduced and expanded by the national government, which informed the Parliament on 12 March 2020.
The measure ensures access to finances for SMEs through government credit guarantees. It is available for companies that are self-employed without employees, have up to 250 employees, are at least three years old, and have an annual turnover of up to €50 million or assets up to €43 million.
Previously, up to 50% of credit was guaranteed by the government and now it has been increased to 75%. Also, the duration of the credit has been increased to four years and the test for eligibility has been relaxed. Finally, the interest rate has been decreased from 3.9% to 2%.
Based on Central Statistics Office data, 4,110 companies used this measure as of 31 May 2021, with a total of €524 million pledged (CBS, 2021).
|Does not apply to workers||
|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 COVID-19 pandemic, 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 on 17 March and on 20 May respectively.
No information available.
Eurofound (2020), SME credit guarantee scheme (BMKB), measure NL-2020-12/827 (measures in Netherlands), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/NL-2020-12_827.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
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.