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in the development of better social, employment and
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COVID-19 EU PolicyWatch

Database of national-level responses

Eurofound's COVID-19 EU PolicyWatch collates information on the responses of government and social partners to the crisis, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for case NL-2020-12/827 – measures in Netherlands

SME credit guarantee scheme (BMKB)

Borgstelling MKB-kredieten (BMKB)

Country Netherlands , applies nationwide
Time period Temporary, 16 March 2020 – 30 June 2020
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Amber van der Graaf (Panteia) and Eurofound
Case created 07 May 2020 (updated 11 August 2020)

Background information

The SME credit guarantee scheme (BMKB) was initially created to support SMEs affected by more stringent environmental legislation with regards to PFAS and nitrogren.

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.

Content of measure

The measure ensures better access to finance for SMEs by means of a government credit guarantee. It is available for companies, including self-employed without employees, at least three years old with a maximum of 250 employees, 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 this has now 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%.

Use of measure

Information not yet available.

Target groups

Workers Businesses Citizens
Does not apply to workers Solo-self-employed
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 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:

  • Social partners jointly
  • Main level of involvement: Sectoral or branch level


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 on 17 March and on 20 May respectively.

Views and reactions

No information available.



Eurofound (2020), SME credit guarantee scheme (BMKB), case NL-2020-12/827 (measures in Netherlands), COVID-19 EU PolicyWatch, Dublin,

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