Netherlands Bridging Financing Tender

The cabinet has announced that it will make 100 million available for bridging loans to start-ups scale-ups and innovative SMEs.These loans are provided through the regional development companies ROMs in the Netherlands. Noord-Holland is not affiliated with a ROM but will announce in the short term how entrepreneurs from Noord-Holland can also use this financing. A TechLeap survey shows that 80 of startups expect to experience financial difficulties due to the Covid19 crisis. 67 are looking for bridging financing due to liquidity problems. Start-ups scale-ups but also other innovative companies are partly outside the arrangements that the government had made so far. While this category of entrepreneurs is crucial for the innovative strength and future earning capacity of the Netherlands.With the funds made available by the Ministry of Economic Affairs the ROMs will provide bridging loans to innovative companies that have run into financial difficulties as a result of the Covid19 crisis. It is expressly intended as an emergency tool to ensure a temporary bridge to break-even or a follow-up round.The province of Noord-Holland like the province of Utrecht is not affiliated with a ROM and does not yet have a contact person and or counter for companies interested in this financing.The province will announce in the short term where North Holland companies can go with their applications and which criteria they must meet.