Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure DK-2007-22/2614 – measures in Denmark
|Country||Denmark , applies nationwide|
|Time period||Open ended, started on 01 June 2007|
|Context||COVID-19, Restructuring Support Instruments|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
|Author||Carsten Jørgensen (FAOS, University of Copenhagen), Anders Randrup (Oxford Research) and Eurofound|
|Measure added||23 June 2022 (updated 11 November 2022)|
Early Warning is a counselling programme founded in Denmark in 2007 with the goal to help small and medium-sized enterprises (SMEs) get through a situation of crisis in the best possible way, and start a new course of growth. SMEs in Denmark are defined as companies with fewer than 100 employees. All SMEs in economic crisis risking bankruptcy are eligible to receive support through the measure.
Early Warning is a collaboration between consultants, voluntary advisors and lawyers, each contributing with their unique knowledge. The objectives of Early Warning are:
Early Warning is financed by Danmarks Erhvervsfremmestyrelse [The Danish Executive Board for Business Development and Growth].
Since the beginning of the COVID-19 crisis the demand for Early Warning support increased significantly. The government has allocated an extra DKK 5 million to the scheme in order to secure the capacities and competences of Early Warning so that all companies facing a crisis that ask for support can access it without charge.
Effect measurements have been made in 2015. The results show that Early Warning companies that survive are capable of maintaining or increasing their turnover, full-time equivalents and export. From 2010 - 2015, the allocation from the state to Early Warning has been DKK 7 million yearly.
The strength of the scheme is to support company owners that can no longer overview the future situation of the company through proper treatment of the crisis.
Employees in standard employment
||Does not apply to citizens|
Local / regional government
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
Eurofound (2022), Early Warning, measure DK-2007-22/2614 (measures in Denmark), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/DK-2007-22_2614.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.