There are several economic support measures in place for businesses affected by the corona crisis. Measures such as NOW, Tozo and TVL will continue to be expanded and amended as seen fit by the government. Businesses and self-employed professionals who have been hit hard by the recent measures will continue to receive support.
- NOW3: Employers with more than 20% turnover loss can apply for the Temporary Emergency Bridging Measure for Sustained Employment (NOW,Tijdelijke Noodmaatregel Overbrugging voor Werkbehoud) to receive compensation of their employees’ wages from October 2020 – July 2021. NOW1 and NOW2 are now closed. NOW 3 is divided into three periods: NOW 3.1 compensates wages from 1 October 2020 until 1 January 2021. NOW 3.2 runs from 1 January until 1 April, and NOW 3.3 from 1 April until 1 July 2021.
- Tozo3 and 4: Self-employed professionals can apply for Tozo, the temporary benefit to bridge the loss of income over the months October 2020 – July 2021 in the municipality where they live. Check with your municipality how to apply.
- TVL: The Reimbursement Fixed Costs Scheme for SMEs and self-employed professionals aims to compensate companies for fixed costs other than wage costs. You can apply for TVL once every 3 months, until 1 July 2021. The TVL subsidy percentage increases with the loss of turnover.
- Extra TVL support for hospitality businesses: Hospitality businesses that have had to close due to the second corona wave will be able to apply for an extra compensation on top of the TVL in the 4th quarter of 2020 to reimburse the costs of stock and adjustments. The maximum amount is €20,160. This amount comes to an average of €2,500 per entrepreneur. This scheme, the Horeca Stock and Adjustments (HVA), is still being worked out.
- Extra TVL support for events businesses and their suppliers: Events businesses and their suppliers that applied for TVL during the 3rd quarter of 2020 will receive an extra fee in the 4th quarter of 2020 and 1st quarter of 2021, based on the summer TVL fee. €11 million has been reserved for this. More information follows.
- Subsidy for cancelled events: From 1 July 2021, events organisers will be able to organise events again. If the event has to be cancelled due to corona restrictions, they can reclaim the costs incurred. See Subsidy scheme for events cancelled due to corona measures.
- TVL Stock Support Closed Retail (opslag Voorraad Gesloten Detailhandel): retail businesses that have had to close their doors, and that have applied for TVL, will receive a supplement for the stock they have been unable to sell. Read more about this supplement in the TVL article. Check the list of retail SBI codes that qualify.
- Extra support for the cultural sector: The government allots €454 million to providing extra support for cultural organisations and events.
- Extra support for zoos: zoos will be able to apply for extra support from 22 February. The Netherlands Enterprise Agency RVO will execute this measure.
- SET: Caregivers can apply for the special corona-related Incentive scheme eHealth at Home: SET COVID-19 2.0. The available funds are for care providers who invest in a structural setup for digital care. The scheme runs from 27 July – 30 November (unless funds run out sooner).
- Travel: A credit facility or voucher bank for travel guarantee funds is being set up by ANVR sector organization, the SGR guarantee fund and the government. Through this voucher bank, the travel guarantee funds can obtain an additional loan from the government. The guarantee fund can thus provide temporary credit to a travel organization that have issued vouchers for package tours.
- TONK: Entrepreneurs faced with financial difficulties as a result of the corona measures. This scheme, the Temporary Support for Necessary Costs (TONK), runs through municipalities and is expected to open on 1 March. Read more about TONK.
- RBC: To help businesses that suffered damages because of rioting and looting in the first week of the curfew, the government and insurance companies will install a fund, the ‘Regeling bedrijvenschade corona-rellen’ (Arrangement for businesses damaged by curfew riots) to compensate those damages that are not covered by the usual business insurances and that fall under the policy’s deductible excess (eigen risico). Businesses that have not taken out insurance will also be eligible for this compensation. The Netherlands Enterprise Agency will execute the scheme. It will open in mid-February.
The government regularly announces updates and extensions to the existing measures. Read the article News: more corona support measures for entrepreneurs for the latest information.