Grants and Growth Funding
This page summarizes some of the main programmes we work with for our clients. Our services include, but are not limited to, the following:
- finding opportunities that fit your company;
- supporting you in writing an application, business plan or project proposal;
- directing the entire application process and project administration.
Research and Development Promotion Act (WBSO)
The WBSO is an Act that provides a fiscal facility for companies, knowledge centres and self-employed persons who perform R&D activities. Under the Act, a contribution is made towards the wage costs of employees directly involved in R&D. The contribution is either in the form of a reduction of payroll and social security contributions tax or in the form of an increase in the tax deductions available to self-employed persons. Your R&D project must meet the following requirements if an application for the WBSO is to be considered:
- the proposed R&D activities take place in your own company;
- the technological development is new to your organisation;
- the development is accompanied by technical problems and;
- the R&D work has yet to take place (in other words, you must always submit a WBSO application in advance).
Dutch Good Growth Fund (DGGF)
The DGGF offers financing and export insurance for SME companies wishing to expand their business on an international scale to a list of 66 DGGF countries. The financing comes in the form of a loan.
Facility for Sustainable Entrepreneurship and Food Security (FDOV)
The Facility for Sustainable Entrepreneurship and Food Security - FDOV (part of the Public-Private Partnership facility) stimulates public/private partnerships within the sphere of food security and private sector development in developing countries.
The Innovation Credit is a risk bearing loan from the government for the technical or clinical development of a new product, process or service. Funding consists of a credit for 25-50% of the (eligible) project costs with a maximum of € 5 million. The loan is to be paid back within 10 years after successful conclusion of the project. There is, however, a waiver possible if the project fails due to technical reasons or disappearing commercial perspective during the project.
Horizon 2020 is the European Commission programme for financing European research and innovation projects. Horizon 2020 offers the following opportunities:
- funding for research and innovation projects;
- attracting and supporting researchers;
- strengthening your international network and;
- acquiring new knowledge and expertise.
Specific possibilities within Horizon 2020 can be found in the work programmes. SME's can also apply for the SME instrument.
Energy Investment Allowance (EIA)
Companies can use the Energy Investment Allowance (EIA) to invest in energy-efficient technology and durable energy under favourable fiscal conditions. You can deduct 58% of the investment costs from the fiscal profits, on top of your usual depreciation.
MIA (Environmental Investment Rebate) and Vamil (Arbitrary depreciation of environmental investments)
The MIA (Environmental Investment Rebate) and Vamil (Arbitrary depreciation of environmental investments) are two different schemes. Using the MIA\Vamil scheme, you can:
- invest in environmentally friendly products or company resources with a fiscal advantage;
- bring innovative environmentally-friendly products onto the market more quickly.
Through the MIA, you can deduct up to 36% of the investment costs for an environmentally friendly investment from the fiscal profit on the regular depreciation. The Vamil gives you more flexibility when it comes to deciding when to write off these investment costs. This provides an advantage in liquidity and interest.
European Regional Development Fund (ERDF)
The ERDF aims to strengthen economic and social cohesion in the European Union by correcting imbalances between its regions. In short, the ERDF finances and subsidizes regional development.
The ERDF focuses its investments on several key priority areas. These areas are:
- Innovation and research;
- The digital agenda;
- Support for small and medium-sized enterprises (SMEs);
- The low-carbon economy.
Applications for the ERDF are done through regional management authorities in charge of operational programmes. In the Netherlands there are four operational programmes: “Kansen voor West”, “OP Noord”, “GO Oost” & “OP Zuid”.
European Social Fund (ESF)
The ESF is Europe’s main instrument for supporting jobs, helping people get better jobs and ensuring fairer job opportunities for all EU citizens. ESF financing of € 10 billion a year is improving job prospects for millions of Europeans, in particular those who find it difficult to get work.
The Netherlands has chosen two main targets to work on within the ESF programme for the years 2014-2020, these are:
- Participation, bringing the employment-to-population ratio up to 80%;
- Social Inclusion, reducing the number of households without a paid job.
Source: Netherlands Enterprise Agency & European Commission