in Order to support Danish exports are in the recovery package, which the government and a number of other parties reached an agreement, set aside ten billion dollars for a new central fund.
It appears a press release from the ministry of Finance on the night of Monday.
– the Fund shall contribute to strengthening the capital base in the greater societal, Danish companies who have exhausted other normal financing options, writes the ministry.
Even companies, which before the crisis had a solid financial padding, risk according to the ministry, to be a shortage of capital as a result of the Covid-19.
– This can have irreversible consequences. Companies face the risk not to be able to maintain the operation and investment at an appropriate level.
– It carries the risk of a long-term loss of knowledge, jobs, creation of value and, possibly, international market share, writes the ministry of Finance.
the Intent of the fund is that it can step in when a company has exhausted all other opportunities to raise capital.
the Fund’s investments are expected to provide a return to the state, and its lifetime should be limited, according to the announcement from the ministry of Finance. There is disclosed nothing about an expected date for the end of the fund’s work.
the Government was on the night of Monday agree with a majority of political parties on a series of economic measures designed to get the economy up and running again after coronakrisen.
the recovery package will replace the packages of the employees and businesses, as all parties at Christiansborg adopted 19. march.
– With the agreement today we take an important step forward and out of crisis, says finance minister, Nicolai Wammen (S).
– at the same time, we provide a significant boost to the Danish economy and implement several initiatives to help Danish export companies through the crisis in the global markets.
