Key words: Small Medium enterprises; Digitalization; Corona crisis; Solvency funding support.
SMEs developments update in the Netherlands for year 2021 was presented by the Ministry of Economic Affairs and Climate Policy, to the Dutch parliament on November 18, 2021. The update report was sent to the Parliament chamber, the house of representatives of the Netherlands (“De Tweede Kamer”), to provide the insight and the understanding on SMEs economic developments and their potentials.
The update contains a trend analysis based on figures and data statistic collected for several years by the Dutch Data Centre (CBS; Centraal Bureau voor de Statistiek). The report focuses on the digitalization and the expectation for the full support from the government, which eventually will influence the government policy in this regard. Further in the report mentions how SMEs make an important contribution to the Dutch economy, which includes their social and the community values. On top of that, entrepreneurship plays an important role in developing solutions to global and social challenges and in making Europe a leader in sustainable economic growth. The analysis and interpretation in the annual report as mentioned above shall and can contribute to these social challenges.
The following are the highlights on the SMEs annual update 2021:
SMEs in the Netherlands have come through the Corona crisis resiliently with their creativity and the generous financial support from the Dutch government, though the crisis level for one company differs than the other. The support from the wider range is the European Union, as it was announced by European Commission last week (18 November 2021) that the temporary Corona crisis scheme has been extended until 30 June 2022 and some supports even longer, up to 31 December 2023. This support scheme includes solvency support to smaller companies including start-ups. For example, a member of EU States can provide guarantees to make it easier for the smaller companies to borrow money.
Sources:
Jaarbericht Staat van het mkb 2021 | Brief | Rijksoverheid.nl.
Europese Commissie staat coronasteun nog tot medio 2022 toe - Europa Nu (europa-nu.nl)
NAZALI TAX & LEGAL