The Dutch government provides grants to activities based on the needs and the benefits it provides to the wider public interest in the country, such as innovation, environmental benefits, trade/export, culture or employment.
Government and private institutions
Entrepreneurs and organizations in the Netherlands should cover a substantial part of the total finances, all the while maintaining that there is a substantial difference between total costs and the eligible costs. Finally, piling up several Dutch grants for a single activity is restricted due to the government’s anti-accumulation regulations and European regulations on fair competition.
Apart from the government, there are several private institutions and authorities that provide funds as grants in the Netherlands to stimulate certain activities and these contributions and funds are also considered grants or subsidies in the Netherlands.
There are various governmental departments and sectors at different hierarchy levels and each of these sections have specific goals for dispersal of the grants in the Netherlands and subsidies within a certain period of time. In fact, there are more than 1,300 Dutch grants on various bases in the EU at the community, national, provincial and local levels. The term Grants in the Netherlands is broadly used to cover an entire spectrum of facilities, including commercial guarantee facilities, investment facilities, funds, fiscal arrangements and tax deductions.
Some of them are explained below:
- Dutch Investment grants
Designed to accelerate and complement the acquisition of the required capital for the organizational operation.
- Subsidized loans or guarantees
Debt provided to the organization at favorable interest rates and pay back periods. They have to be paid back at a certain time in the future but provide great benefits in cheaper capital costs.
- Tax subsidies
Tax subsidies are not subsidies per se. Instead of money being paid directly, a certain amount of the tax payable is deducted, from the total amount of taxes owed. This usually applies for R&D, sustainable energy, socially responsive and environment friendly projects.
- Dutch Grants Providing Cost subsidies
These subsidies most commonly contribute specific expenses, thereby indirectly contributing to the total cost of a project. To accurately funnel the total funds allocated to subsidies into priorities the Dutch grants policy has classified nine sectors: chemistry, creative industry, energy, high-tech systems and materials, life sciences and health, agriculture& food, logistics, market-gardening and water.
The available grants in the Netherlands and related resources will henceforth be deployed in alignment to these policies, on specific activities.
In order to maximize the utilities of various government subsidies and facilitate business operations in a streamlined manner, it is advisable for most businesses that wish to avail of the various Grants to seek the expert guidance of a qualified and competent Dutch grants specialist who can ensure proper applications and facilitate fast approval of such benefits.