Subsidy advice

Anyone who runs their own business sets themselves apart from the rest. Anyone who dares stick their neck out distinguishes themselves even more. That can be fairly lucrative. Why? Because the government makes financial resources available for entrepreneurs who have the daring to modernise and are willing to accept the associated risks. In numerous financial and fiscal incentives, the government encourages such aspects as product innovation, the application of modern environmental technology and the use of business equipment that consumes less energy.

In theory, there is always money available to help promote a desired policy. SenterNovem, an agency of the Ministry of Economic Affairs which promotes sustainable development and innovation, is the main provider of incentives. The office manages dozens of schemes and arrangements. Grant Thornton’s subsidy advisors know their way around the labyrinth of subsidy systems like the back of their hand.  

At first glance, subsidies appear to be free. Nothing, however, could be further from the truth: obtaining subsidies costs money! The government is happy to provide encouragement, certainly with regard to challenging projects, but it also demands a concrete return on its investment.  You as an entrepreneur will be required to demonstrate that you are worthy of receiving a subsidy.

Anyone who asks for and receives money from the government must be able to account for it. Here, too, we can show you the way. Subsidy applications must not only be well substantiated, they must also be implemented in keeping with the rules of the game. Timekeeping, registration and reporting have to meet all the statutory requirements and be verified by an independent party. Support, assessment and advice in these processes is a speciality at Grant Thornton.

A subsidy can be just the welcome support you need, and that could make the difference between a missed opportunity and a resounding success.