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-2020-19/1819 – Updated – measures in Netherlands
|Country||Netherlands , applies nationwide|
|Time period||Temporary, 07 May 2020 – 31 December 2021|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Thomas de Winter (Panteia) and Eurofound|
|Measure added||08 April 2021 (updated 18 October 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 following updates to this measure have been made after it came into effect.
|27 May 2021||
The government has extended the credit arrangements, including KKC, until 31 December 2021.
Central Statistics Office data shows that a total number of 1,820 companies made use of this measure, for a total amount of €58 million (CBS, 2021).
|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, measure NL-2020-19/1819 (measures in Netherlands), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/NL-2020-19_1819.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.