The government supports entrepreneurs in various ways. Sometimes you can get money or a loan. But the government also helps by making certain things easier, or by introducing you to people who can help you with your plans. And do you have a project that is in line with the EU? Then you may be able to apply for a European subsidy.
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All types of subsidies and schemesThe overview financing your business lists many forms of government support. Sometimes the help is purely financial, but often the government also helps you in other ways.
SubsidiesWith a subsidy, you receive financial support from, for example, the national government, the province, or a municipality. This financial support can take various forms. Sometimes you receive money, but it is also possible that you have to pay less tax, or that you receive vouchers, with which you can, for example, hire an advisor.
Credits and loansThe government also provides credit and loans. You will of course repay a credit or loan, but under favourable conditions. For example, you pay less or even no interest. Sometimes you can get a tax benefit.
Deposits and guaranteesWith a credit guarantee scheme, you borrow money from a bank or other financier. You will need to pay this back. Because the government stands as a guarantor for (part of) your loan, the financier is certain that they will get their money back. So, the financier runs less risk. The government will repay the loan, or part of it, if you are no longer able to do so. This makes it easier for you to get the loan.
Tax schemes and benefitsWith tax schemes and benefits, you pay less tax if you meet certain conditions. For example, because you have just started your business, or because you are setting aside money for your pension.
Collaborative ProgramsIn collaborative programs, the government helps several companies or (social) organisations that work together on a project. For example, the government can grant you a permit more easily, provide good information, or resolve bottlenecks in legislation and regulations.
BenefitsA benefit is money that you receive from the government, for example because you are unemployed or incapacitated for work. This money is usually paid every month, so that you can pay your fixed costs. Some entrepreneurs start from unemployment benefits. Sometimes you can hire an unemployed or partially disabled employee for a certain period of time while he keeps his benefits.
In a contest you can submit an idea, a product, or a project. A jury then determines which entry has won. The prize can be a sum of money, but sometimes the winner gets help, or is allowed to actually implement his idea or project.