Invest-NL to put $2.1bn into Dutch economy
Posted on 15 February, 2017 by Thierry Heles, editor
The government has announced am investment fund that will focus on energy, sustainability, mobility, food and digitalisation, and will launch in January 2018.
The Netherlands’ ministries for Foreign Affairs, Finance, and Foreign Trade and Development Cooperation jointly announced a €2.5bn ($2.1bn) government venturing fund called Invest-NL on Friday, according to Het Financieele Dagblad.
The fund, which will focus on energy, sustainability, mobility, food and digitalisation, will launch in January 2018. It has been met with enthusiasm by a range of Dutch pension funds.
The government hopes Invest-NL will leverage an additional €12.5bn in investments, guarantees, export credit insurance and international funding.
The fund’s creation follows an attempt by the ministers to establish a €250bn investment bank by merging local government funding agency Dutch Municipal Bank, financial institution Netherlands Water Boards Bank and development bank FMO. The attempt failed following lobbying by all three banks.
Invest-NL is set to enter a joint venture with FMO and will cooperate with export credit insurer Atradius Dutch State Business. The government is confident it can attract capital from institutional investors and European funds and programs.
See more from this Government Report: Netherlands
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