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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-2020-12/597 Updated – measures in Denmark

Guarantee scheme for large enterprises (above 250 employees)

Statsgaranteret lån for store virksomheder

Country Denmark , applies nationwide
Time period Temporary, 19 March 2020 – 27 December 2021
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Carsten Jørgensen (FAOS, University of Copenhagen), Anders Randrup (Oxford Research)
Measure added 14 April 2020 (updated 11 November 2021)

Background information

Together with all parties of the Danish parliament, the government has passed a new guarantee scheme via Vækstfonden (the Danish state's investment fund) The new scheme is targeted large companies (above 250 employees) affected by the effects of COVID-19.

The guarantee scheme is part of the government's aid package for business. The government and all the parliamentary parties announced the total relief package on 19 March 2020.

The scheme's guarantee framework is a total of DKK 25 billion. and can thus facilitate loans of up to DKK 35.7 billion.

Content of measure

The Growth Fund can guarantee the loans or credit of large companies in the financial institution to cover losses or expected losses in revenue of at least 30% as a result of the spread of COVID-19. The measurement is based on the start time of 1 March 2020 and is based on a minimum period of 14 days.

Large companies in all industries with a CVR number and address in Denmark can receive a COVID-19 guarantee. That is, companies with: Over 250 employees (full-time equivalent) and / or Revenue of more than DKK 372 million and a balance sheet total of more than DKK 320 million per year.

  • The same company can be guaranteed several times - however, the Growth Fund cannot guarantee loans to cover loss of revenue, which relates to the same period more than once. The guarantee covers 70% of the financial institution's losses.
  • The guarantee has a term of up to 6 years and is written down on a straight-line basis over the term.
  • The schemes are valid until 1 October 2020, and also apply to Faroese and Greenlandic companies.
  • The guarantee scheme is part of the government's aid package for business. The scheme's guarantee framework is a total of DKK 25 billion and can thus facilitate loans of up to DKK 35.7 billion.


The following updates to this measure have been made after it came into effect.

27 December 2021

The measure is prolonged until the 27 December 2021.

Use of measure


Target groups

Workers Businesses Citizens
Does not apply to workers Larger corporations
Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement No involvement
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: Unknown



Views and reactions




Eurofound (2020), Guarantee scheme for large enterprises (above 250 employees), measure DK-2020-12/597 (measures in Denmark), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.