Cash injection for Flemish enterprise

10th December 2003, Comments 0 comments

10 December 2003, BRUSSELS – The Flemish government is earmarking EUR 114 million in a bid to stimulate enterprise in Flanders.

10 December 2003

BRUSSELS – The Flemish government is earmarking EUR 114 million in a bid to stimulate enterprise in Flanders.

The commitment was made at the end of the enterprise round table conference at which employers and trade unions were represented. 

According to the Flemish Prime Minister Bart Somers, a broad consensus was reached on a final agreement whereby EUR 20 million would be spent on innovative projects and research, and a further EUR 33 million set aside to provide assistance to job seekers. 

The Flemish government also intends to help start-ups by extending an insurance scheme which will guarantee that businessmen and women get a minimum income during the first year of operation. 

More risk capital will also be made available, exports will be more vigorously promoted, and 1,000 hectares of land will be set aside for new businesses. 

The government also announced it would also be making efforts to offer training for professions which are currently lacking manpower.

The Flemish government will be discussing its proposals at the federal level shortly.

Subject: Belgian news

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