Dutch govt to spend up to $3.02bn to support small businesses
Amsterdam, The Gulf Observer: The Dutch government said it will spend up to 3.1 billion euros ($3.02bn) to support small businesses such as bakeries and greenhouses that have been hit hard by surging energy prices.
The plan unveiled by Economic Affairs Minister Micky Adriaansens targets more than 10,000 small firms for which energy costs make up more than 12% of sales, who will be compensated for gas and electricity prices above a threshold.
“These fundamentally sound companies usually want to go green but cannot avoid high energy use due to their type of industrial process or service,” Adriaansens said in a statement.
The move was the latest in a raft of measures by The Hague to soften the impact of inflation on the Dutch economy, including an Oct. 4 decision to spend 23.5 billion euros to cap energy price for consumers.
