Innovative response
In the Netherlands, Agricultural and horticultural SMEs will be supported by temporarily relaxing the guarantee for working capital, which is part of the existing decree Borgstelling MKB-Landbouwkredieten (BL). The decree will ease acute liquidity problems for agricultural and horticultural business who experience those problems due to the COVID-situation. The credit is for a maximum of 2 years.
Specific issues addressed and anticipated impact
Agricultural and horticultural SMEs are facing a specific set of problems associated with their financial flows as a result of coronavirus. The government has specifically set up a credit scheme which will guarantee the funding of these organisations.
Organisations/institutions involved
Borgstelling MKB-Landbouwkredieten (BL)
Level(s) of government:
- National/Federal government
Issues being addressed:
- Resource management and mobilisation
- Governance responses
- Real-time data collection, sharing, and analysis
Response tags:
Recovery-OrientedDate Submitted:
15 April 2020