Emergency Fund Bridging Employment – NOW
07 April 2020
On 31 March 2020 the Dutch government provided further insight in rules of the earlier announced Emergency Fund Bridging Employment scheme, by making public the emergency measure under the name the NOW (Noodmaatregel Overbrugging voor behoud van Werkgelegenheid) dated 1 April 2020. On 3 April some amendments to the NOW were published. The NOW provides substantial financial aid to companies suffering at least a 20% loss of turnover during a period of three months (to be chosen: March-May, April-June or May-July) in the form of wage compensation (subsidie). Applications for advance payments can be made with the Dutch Employee Insurance Agency (UWV). Companies have been able to make requests under the NOW from 6 April 2020, on which day 35.000 companies have done so. Applications can be made at the latest on 31 May 2020. The NOW replaces the Reduced Working Time scheme, which was withdrawn in March. Applications under the Reduced Working Time scheme which were submitted prior to the withdrawal will be converted into applications under the NOW.
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