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National Growth Fund threatened by cuts ahead of Dutch election


Conservative VVD party plans to raid R&D and infrastructure fund to reduce fuel costs

The conservative VVD party, which has led the past four coalition governments under Mark Rutte, has said that it wants to cut funding from the National Growth Fund in order to reverse an increase in excise duty on petrol and diesel.

The National Growth Fund, which started in 2021, is a €20 billion, five-year initiative to support R&D, infrastructure and knowledge development projects that boost economic growth. In response to the VVD’s announcement, the UNL association of Dutch universities asked MPs to seek other ways to finance the lowering of excise duty on fuel.

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