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The Dutch government is enabling startups, scale-ups and other innovative companies affected by the corona crisis to apply for a bridging loan. As these companies usually do not have a banking relationship, the regional development agencies will provide the loans. The government will initially make 100 million euros available for this. The scheme is expected to be accessible in the fourth week of April.
To date, the startups and scale-ups weren’t included in the government measures. This was criticized by Brainport director Paul van Nunen, amongst others. The support for startups was announced together with several additional measures to back entrepreneurs that experience economical strain because of the coronavirus.
The other measures include additional financing through the business loan guarantee scheme GO and premium reduction for the extended SME credit guarantee scheme BMKB. The government will also reinsure supplier credit up to an amount of 12 billion euros. In addition, more businesses will receive a one-off grant to compensate for the effects of the government measures to combat the coronavirus – the aim is to open up this specific extension on 15 April.
