With the official launch of Invest-NL, an investment fund in which the Dutch government has invested 1.7 billion euros, Dutch companies have much easier access to European funds. According to a spokesperson, it is about a lot of billions.
"That is many times more than the 1.7 billion we invest in it," says an Invest-NL spokesperson.
European countries such as Germany, France and the United Kingdom have had organizations for much longer that can claim the so-called 'Juncker funds' on behalf of national companies. Those billions are managed by the European Investment Bank (EIB).
This concerns venture capital, such as loans or shares, and explicitly no subsidies. "So far, the Netherlands has never had direct access to risk capital from such funds. We now have that with Invest-NL," the spokesperson explains. France already had BPI France, and Germany, for example, KFW. Invest-NL focuses exclusively on investments in the Netherlands with the aim of promoting innovation and sustainability.
Invest-NL is a private company, but fully funded by the government. Minister Wopke Hoekstra (Finance) emphasized the special aspect of this: "It is not often that the State establishes a state participation." The only shareholder is the Ministry of Finance.