Factsheet for case NL-2020-19/1819 – measures in Netherlands
|Country||Netherlands , applies nationwide|
|Time period||Temporary, 07 May 2020 – 30 June 2021|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Amber van der Graaf (Panteia) and Eurofound|
|Case created||08 April 2021 (updated 30 April 2021)|
The corona bridging loans for small companies (KKC) is one of the additional measures to support entrepreneurs due to the economic consequences of the pandemic. This additional measure is aimed at micro and small and medium enterprises. These enterprises often have difficulty accessing financial support. They are of enormous importance to their local community and often hit hard by the pandemic.
The KKC is a government-provided loan guarantee of 95% for small companies who need between €10,000 and €50,000 in credit with a budget of €750 million.
To be eligible for the KKC:
This measure has been approved by the European Commission.
The estimated amount of enterprises which makes use of this measure is 1,617.
|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||Not applicable||Direct consultation outside a formal body|
Social partners' role in the implementation, monitoring and assessment phase:
This measure was partly initiated by the banks. The banks carefully assess the credit application. Rabobank, ABN AMRO, ING, de Volksbank and Triodos have committed to offer loans through KKC.
The Dutch Banking Association (NVB) is pleased with the measure for companies with a financing need of up to €50,000. The NVB stresses the importance of this measure in combination with other existing measures. This will help enterprises in persisting the crisis.
Eurofound (2021), Bridging loans for micro, small and medium sized enterprises, case NL-2020-19/1819 (measures in Netherlands), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.