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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-2020-12/599 Updated – measures in Denmark

Guarantee scheme for small companies (under 250 employees)

Statsgaranteret lån for SMV’er

Country Denmark , applies nationwide
Time period Temporary, 19 March 2020 – 30 September 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 has opened for small and medium-sized enterprises (SMEs) 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.

Content of measure

With the scheme, the State will provide a guarantee of 70% via Vækstfonden (the Danish state's investment fund) for new bank loans to companies which have suffered or expect to suffer a revenue loss of at least 30% as a result of COVID-19. The scheme can support lending to small and medium-sized enterprises (less than 250 people and having an annual turnover of no more than DKK 50 million and/or a total annual balance sheet of a maximum of DKK 43 million).

The schemes are valid until 1 October 2020 and also apply to Faroese and Greenlandic companies. Companies who want to apply for a guarantee through Vækstfonden must contact their bank as the new loan is provided by their financial institution.

The guarantee has a maturity of up to 7 years, which is written down annually on a straight-line basis. The prize consists of a foundation commission of DKK 2,500 and an annual commission of 1% of the amount guaranteed.

The scheme can support SME's for up to DKK 25 billion.

The measure runs until the 30 September 2021 with a last change of application the 24 September 2021.


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

24 September 2021

The measure runs until the 30 September 2021 with a last change of application the 24 September 2021.

Use of measure

The number of companies that are eligible for the scheme is unknown.

Target groups

Workers Businesses Citizens
Does not apply to workers SMEs
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

Information about partners possible involvement is not available.



Eurofound (2020), Guarantee scheme for small companies (under 250 employees), measure DK-2020-12/599 (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.