08 May 2020 – Provided advance payment to local authorities for support scheme for entrepreneurs

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: The Dutch Government has provided a third advance payment totalling €550 million to local authorities, towards implementing its Temporary Bridging Scheme for Self-employed Entrepreneurs (Tozo).

The Government has allocated €3.8 billion to fund the scheme, and to date has provided € 2.0 billion in advance to local authorities to implement the scheme. Reviews are being done every three weeks to determine whether additional advance payments are necessary based on the number of applications being submitted under the scheme.
Full details here: https://www.rijksoverheid.nl/onderwerpen/coronavirus-covid-19/nieuws/2020/05/08/beschikkingen-derde-voorschot-tozo-verzonden