You are here:
01 May 2020 / article

FAQ - Go-arrangement (Garantie ondernemingsfinanciering) COVID-19

The Dutch government has taken emergency measures to support Dutch businesses dealing with the effects of COVID-19, including an amendment to its so-called "Go-arrangement", a scheme of guarantees to banks and insurers that grant new credit lines to small and medium-sized enterprises (SMEs)1 and large companies. The original Go-arrangement (implemented by the Dutch government in 2009) (Go) and COVID-19 go-arrangement (Go-C) shall coexist. In this Q&A we focus on Go-C.

The total guarantee limit of Go and Go-C combined has been increased from EUR 400 million to EUR 10 billion. The maximum guaranteed amount per borrower group under Go-C is EUR 150 million, compared to EUR 50 million under Go (both with a minimal amount of EUR 1.5 million per company). The guaranteed percentage by the Dutch State of the credit lines under Go-C is 80 per cent. for large businesses and to 90 per cent. for SMEs, compared to 50 per cent. under Go. In light of COVID-19 we discussed the possibilities under Go-C with several clients. The below reflects frequently asked questions re Go-C by both lenders and borrowers. The answers are based on Sections 3.13 and 3.13b Regeling nationale EZK- en LNV-subsidies (the Regulation) and Annexes, as amended on 28 April 2020.


1 SME for these purposes is maximum 250 employees, maximum annual turnover of EUR 50 million and maximum annual balance sheet total of EUR 43 million.

Q&A Lenders
Q&A Borrowers

Financial Regulatory News Updates - October 2020

The Financial Regulatory News Updates: an overview in which our Banking and Finance Practice Group highlights. read more
EIOPA outlines Banking & Finance

EIOPA outlines approach on product oversight and governance

EIOPA published a paper on its approach to product oversight and governance requirements for insurance distributors and manufacturers. read more
AFM Updates Its AML Guidelines

AFM updates its AML guidelines

The AFM has updated its guidelines (leidraad) on the Dutch Money Laundering and Terrorism Financing Prevention Act and the Sanctions Act 1977. read more