Health

The government will allocate an additional € 3.7 billion to support the industry and expand its support package

Wouter Koolmees, Wopke Hoekstra and Eric Wiebes have announced plans. Photo: Sem van der Wal ANP

The Cabinet has announced new measures to help companies facing the economic impact of the coronavirus pandemic and has postponed plans to reduce some of its support measures next year.

The Cabinet has secured an additional € 3.7 billion for new measures to be implemented by the end of March. This adds to the € 34 billion already allocated to corporate support since the outbreak began in March last year.

Some of these will focus on the most hit sectors, such as the travel industry, hospitality industry and event organizers, Social Affairs Minister Wooter Coolmees said at a press conference Wednesday morning.

“It’s a puzzle, and we need to carefully consider what’s best for the company and for the invoices we have to pay in the end,” said Treasury Minister Wouter Hoekstra.

“I’m confident that we need to support sectors where this hasn’t happened, such as hospitality,” he said. “But some sectors will face problems in the future, so we will also focus on retraining and discovering new jobs.”

In addition, the government has set up a new € 130 million fund to support workers and self-employed workers who cannot apply for assistance under any other scheme. The fund, known as Tonk, is managed by the municipality.

The government also agreed that there is no VAT on coronavirus vaccines.

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The government will allocate an additional € 3.7 billion to support the industry and expand its support package

Source link The government will allocate an additional € 3.7 billion to support the industry and expand its support package

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