Details of a Dutch aid package for SMEs revealed

Details of a Dutch aid package for SMEs revealed

The Dutch Ministry of Economic Affairs and Climate (EZK) is working on an aid package for energy-intensive SMEs under Tegemoetkoming Energiekosten (TEK) scheme. Meanwhile, the energy crisis is severely disrupting the cash-flow cycle of Dutch greenhouse businesses.

In a radio interview with BNR on 7 October, Economic Affairs and Climate Minister Micky Adriaansens said that the Ministry of Economic Affairs and Climate does not have unlimited possibilities to compensate businesses for high energy prices. “We all have to look at good spending, Finance plays a role in that. We will then make sure there is a good scheme,” she said.

TEK will be a generic scheme. There will be no scheme for individual sectors of the economy, such as the greenhouse industry. The scheme is expected to take effect from 1 April 2023 but retroactively from 1 November this year.

The TEK is based on an entrepreneur’s energy consumption and turnover. The compensation consists of a portion of the cost increase this year and in 2023. Energy-intensive SMEs will receive aid to compensate for part of the additional energy costs, with a maximum amount per company yet to be determined. Such a scheme must comply with European state aid rules and be approved by the European Commission. As a result, the actual opening through the Rijksdienst Voor Ondernemend Nederland (RVO) may take until early 2023. That is not enough for energy-intensive SMEs that are already in acute trouble and still have the winter of 2022/2023 to go. Therefore, the government’s commitment is to have other measures ready as early as November to (temporarily) reduce operating costs for entrepreneurs.

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Courtesy of AIPH

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