Commission approves EUR 960 million Dutch State aid to Invest-NL
In June 2019, the Commission approved the creation of Invest-NL as the national promotional bank. It approved a capital injection of EUR 2.5 billion into Invest-NL’s investment subsidiary and an annual EUR 10 million subsidy to Invest NL’s development subsidiary. Invest-NL provides financing to address market failures, notably in the fields of energy, sustainability, mobility, food and the digitalisation of industry and other parts of society, such as healthcare, security and education.
The Dutch authorities have notified a EUR 900 million capital injection and the continuation of the annual EUR 10 million subsidy until 2032. Through these measures, the Netherlands wants to bridge financing gaps caused by market failure, particularly in sectors such as biotechnology, water technology and AI.
The Commission assessed the schemes under Article 107(3)(c) TFEU. It found that the measures are necessary, appropriate and proportionate to achieve the pursued objective. The Commission also concluded that the measures have a limited impact on competition and trade between Member State.
The non-confidential decisions will be published under case numbers SA.124350 in the State aid register.
For more information, please see the Commission’s PR.