If your customer has lost revenue as a result of COVID-19, you can apply a guarantee to hedge your financing risk. Vaekstfonden will cover 90 per cent of your losses on the financing.
NB! The Danish versions of vf.dk/covid-19, subpages and documents are fully updated, and we strive to update the English versions regularly, but differences may occur.
The Danish government's Relief Package for businesses
The guarantee scheme is part of the Danish government's Relief Package for businesses in Denmark. The guarantee framework has a total of DKK 17.5 billion and an additional loss frame of approximately DKK 5 billion. This can facilitate loans up to the magnitude of DKK 25 billion.
The Danish government announced the total Relief Package on the 19th of March 2020.