COVID-19

Dutch government extends support after new corona measures

Christiaan Buizer
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The Dutch government has once again allocated 1.3 billion euros to extend the support for entrepreneurs in response to the new restrictive measures due to the corona virus. The Tegemoetkoming Vaste Lasten (TVL) scheme will be extended, extra support will be provided for events and resources will be made available for agriculture and horticulture. A new NOW scheme is not part of the extended support package.
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Subsidy Fixed Costs Q4 2021

All entrepreneurs who expect to suffer a turnover loss of at least 30 percent in the 4th quarter of 2021 (October, November and December 2021) can apply for TVL Q4 2021. The expected turnover loss must be at least 30 percent lower than compared to the 4th quarter of 2019 or the 1st quarter of 2020. The subsidy is calculated with the loss of turnover, a percentage of fixed costs of the sector and a fixed subsidy percentage of 85 percent. The scheme is also accessible to those who have not used the TVL scheme before.

The exact opening is pending approval from the European Commission.

Not sure whether you are entitled to TVL?

Or do you no longer know which conditions you have to meet due to all the exceptions and adjustments? You can use the table below with the conditions and differences of the TVL to determine which options are open to you and which conditions apply to your possible application.

Support for events No continuation of the NOW-scheme

Events prohibited by the Dutch government can apply for compensation through the Temporary Scheme for Subsidy Events COVID-19 (TRSEC). The new corona measures are causing great uncertainty for this sector. Because the event ban came into effect almost immediately, the subsidy percentage will be increased to 100 percent, as happened in the summer period.

In addition, the Netherlands Enterprise Agency (RVO) is currently working on the Additional Allowance for Events (ATE). The ATE applies to events not covered by the TRSEC. This arrangement will be extended during 2021 as long as the events are prohibited. The subsidy percentage of the ATE will also be 100 percent of the costs.

No continuation of the NOW-scheme Questions?

Unlike the other measures, the NOW scheme will not be extended for the 4th quarter of 2021. This is partly due to the fact that the restrictive measures are currently in force for 3 weeks. The consequences of the new ‘lockdown’ are expected to affect the hospitality and events sector in particular. The Dutch finds the NOW scheme too generic for the current situation. However, a sector-specific NOW-scheme is not feasible for the UWV.

If the restrictive measures will be extended after 4 December 2021, the reopening of the NOW-scheme will be reconsidered.

Questions?

Do you have any questions about the measures taken by the government for entrepreneurs in the context of the corona crisis? Please contact our corona team.