In order to encourage organisers of international multi-day conferences to choose Holland as their destination, the Ministry of Economic Affairs, NBTC Holland Marketing, and some twenty partners from the convention industry set up the Pre-financing & Guarantee Fund (VGF) in the late 1980s. The VGF fund helps conference organisers to cover pre-conference expenses, and other financial risks, by offering two schemes:
1. A pre-financing scheme which allows organisers to borrow up to EUR 90,000, to cover their initial expenses, at no charge and without having to pay interest;
2. A financial guarantee of up to EUR 90,000 to cover possible losses due to disappointing numbers of attendees.
Organisers may choose to use one of the two schemes only, or both.
UNIQUE TOOL IN EUROPE
The VGF is a unique tool. It makes available financial securities that no other European destination offers. Until now, mainly Dutch organizers have made use of the two schemes provided by the VGF. The VGF is not only available to Dutch organisers, however. International organisations planning a multi-day international conference in Holland may also make use of the VGF schemes, thus reducing their financial risks significantly.
The VGF will be represented at the IMEX fair in Frankfurt from 19 to 21 May 2015, to inform international organisers about the possibilities offered by the VGF. As an NBTC partner, we welcome you to stand E100 where we look forward to explaining all the ins and outs of the schemes, and how it gives new meaning to the old adage of “Going Dutch”.
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