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
|Country||Denmark , applies nationwide|
|Time period||Temporary, 19 March 2020 – 27 December 2021|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Carsten Jørgensen (FAOS, University of Copenhagen), Anders Randrup (Oxford Research) and Eurofound|
|Measure added||14 April 2020 (updated 11 November 2021)|
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.
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 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.
|Does not apply to workers||
||Does not apply to citizens|
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:
Eurofound (2020), Guarantee scheme for large enterprises (above 250 employees), measure DK-2020-12/597 (measures in Denmark), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/DK-2020-12_597.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.