Insights

The government support and recovery package – latest developments

Following the extended lock-down and the curfew imposed until 10 February, the cabinet announced on 21 January that the support and recovery package for jobs and the economy would be expanded (again). In this article we provide an overview of the most relevant measures and current changes compared to the earlier package.

NOW

The government is increasing the reimbursement rates of the NOW-3 grant in the second and third tranches from 80% to 85%. From 15 February onwards, the NOW compensation for the months of January, February and March 2021 can be applied for. The previously announced scaling-down of the NOW scheme for the third tranche will be abandoned. For clarification see schedule below:

  NOW 3