Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National
Overview: Self-employed professionals can now apply for extra income support from local authorities under the Government”s Temporary Bridging Scheme for Independent Entrepreneurs (Tozo) for the period from 1 March to 1 June 2020. The temporary scheme is aimed at compensating self-employed professionals who expect to earn less than the minimum wage (currently â‚¬1,653.60 per month for people over the age of 21) over the next three months as a result of COVID-19.
Those facing cash-flow problems can also request a three year loan of up to â‚¬10,517 at an interest rate of 2 percent, with repayments from January 2021.
The government has allocated â‚¬3.8 billion to fund the scheme and is providing local authorities â‚¬250 million in advance to enable its implementation.
Full details here: https://business.gov.nl/subsidy/corona-crisis-extra-bbz-support-for-self-employed-professionals/