Economic Development Subsidy

The economic development subsidy (economische ontwikkelingssubsidie) is a municipal subsidy scheme for shop owners' associations, entrepreneurs' associations, and Business Improvement Districts (BIZ) that want to make their shopping street or shopping area more attractive. This subsidy supports collective initiatives by entrepreneurs to improve the livability, accessibility, and appearance of shopping areas.

The purpose of this subsidy is to stimulate local economic development through investments in improving public space, marketing, events, and other activities that contribute to an attractive business climate. The subsidy is offered by various municipalities, each with their own conditions and criteria.

Requirements

  • Legal entity: The applicant must be a legal entity, such as a shop owners' association, entrepreneurs' association, or BID.
  • Project plan: A clear project plan must be submitted with concrete objectives, activities, and expected results.
  • Own contribution: Usually, an own contribution from the entrepreneurs is expected in addition to the subsidy.
  • Collective interest: The project must demonstrably contribute to the development of the entire shopping area, not just to individual entrepreneurs.
  • Budget: A balanced budget with specification of costs and financing is required.

Procedure

  • Prepare application: Prepare a project plan and budget in collaboration with the involved entrepreneurs.
  • Submit application: Submit the subsidy application to the municipality via the application form, usually within a set application period.
  • Assessment: The municipality assesses the application based on criteria such as feasibility, impact, and support among entrepreneurs.
  • Approval: Upon approval, you will receive a decision with the amount of the subsidy and any conditions.
  • Implementation and accountability: After completion of the project, you must account for the spending of the subsidy and the results achieved.