Today the Minister of Economic Affairs, the Minister of Finance and the Minister for Foreign Trade and Development Cooperation announced that the Cabinet has agreed to a proposal to set up a National Financing Institution for Development and Investment (Invest-NL) which will be put forward to Parliament. Invest-NL will be created to realise investments in companies and projects which are unable to attract sufficient financing from the market as a result of the unsecure risk-return characteristics or long payback time. Invest-NL will bring together essential and strongly needed expertise in project development, finance and insurance together in one organisation that is easily accessible.
Invest-NL will be a private institution operating at a distance from the government. Invest-NL will consist of a project development arm and an investment arm. In the investment arm the international export and foreign investment instruments will be bundled. Several international funding schemes of RVO will be bundled in Invest-NL and also the activities of Atradius DSB (export credit insurance/guarantees and investment insurance) will be connected to the international leg of Invest-NL. The NL Business activities of FMO will be connected to Invest-NL through a newly established Joint Venture.
FMO will actively contribute to the ability of Invest-NL to support Dutch businesses that need financing for their international activities. The aim is for Invest-NL to become a port of call for Dutch businesses and to enable the Netherlands to become more competitive in projects in the international markets.
For further details, journalists are welcome to contact:
René de Sévaux
T: +31 70 314 9868
M: +31 6 41 491930