Exporting Dutch entrepreneurs
Entrepreneurs doing business in emerging markets and developing countries, often contribute hugely to economic and social improvements in these countries. The Ministry of Foreign Affairs encourages this.
It can be difficult to get the funding for these projects. The Ministry of Foreign Affairs encourages good initiatives. Therefore, the Dutch Good Growth Fund (DGGF) supports Dutch entrepreneurs doing business with developing countries and emerging markets with customised services.
To qualify for the DGGF, you must comply with at least the following criteria:
- You must have a Dutch-registered business that carries out substantial activities in the Netherlands.
- You must comply with the ICSR framework for international corporate social responsibility.
- The export must concern capital goods.
- You and your customer must be continuing businesses with sufficient financial means to repay the financialsupport. The DGGF finances viable transactions only.
- The goods you export must contribute to the DGGF country’s sustainable economic development. Thismeans that you must contribute to local employment, production capacity and/or knowledge transfer.
- If a project has potentially substantial harmful environmental or social impacts, it will be assessed againstthe IFC Performance Standards.
Export credit insurance
- Cost-based premium.
- Maximum cover of € 30 million.
- Under certain conditions a customer in a DGGF country can receive up to € 5 million from the DGGF. This is a possibility if the customers' bank will not provide financial support.
- Financing contracts are concluded on the basis of suppliers’ credit in combination with export creditinsurance.
You can insure transactions worth up to € 30 million with the DGGF to cover the cost of manufacture and payment risks when exporting capital goods. You can take out this insurance at Atradius Dutch State Business.
You may also be eligible for up to €5 million in suppliers' credit to customers in one the DGGF-countries. This is a possibility if your bank does not provide financial support for an export transaction.
Overview current investments
See this overview of current export transactions.
Not suitable for DGGF yet?
Not all projects are suitable for financial assistance from the DGGF. Another scheme might be more appropriate for your project:
- In September 2016 the fund Dutch Trade and Investment Fund (DTIF) was established. DTIF offers loans, guarantees and export financing to Dutch entrepreneurs that want to do business with countries that are not on the DGGF list. Read more about DTIF.
- If you first wish to learn more about a local market or a project’s feasibility, you might be eligible for the DHI (demonstration projects, feasibility studies and knowledge acquisition, in Dutch).