Trust in the Future: COVID-19 Financial Support Programs in NL
I. NOW: wage costs reimbursement
This facility is meant for businesses with staff that expect to have a turnover loss of at least 20% within the coming three months. Extraordinary circumstances causing the turnover loss do not have to be demonstrated.
The Government of the Netherlands aims to prevent the loss of jobs and income due to the Corona Virus by means of the ‘Temporary Emergency Measures Employment Bridging’ (NOW). Employers coping with significant turnover loss are eligible to receive a reimbursement in wage costs. The facility aims to keep workers employed for as much as possible, even those who are not entitled to a continued salary pay. The facility is expected to open from 6 April 2020. The application period will run up and to 31 May 2020. Employers will receive an advance from the Executive Institute for Workers’ Insurances (UWV) if their application is approved.Read more →