Enterprise Growth: Role of the Authority
At the Danish Business Authority, we are involved in developing, running and coordinating initiatives aimed at promoting the growth conditions for Danish entrepreneurs and enterprises.
High-growth enterprises can help to create new jobs and are more likely to survive hard times. In order to overcome the productivity and welfare challenges currently confronting Denmark, it is crucial for us to generate growth in a greater number of enterprises.
The Danish Business Authority is continuously developing initiatives aimed at making it easier for entrepreneurs and enterprises to obtain qualified help for growth.
Facts about enterprise growth
In recent years, it has been challenging for Danish enterprises to generate growth. These difficulties arose in the wake of the economic crisis, and statistics show that the percentage of high-growth start-ups in Denmark was 0.3% in 2009. This puts Denmark near the bottom compared to other OECD countries; only the US and France have a lower percentage of high-growth start-ups. The percentage of high-growth start-ups in Denmark declined by almost half from 2008 to 2009.
The number of high-growth enterprises in Denmark also declined by half from 2008 to 2009. In 2009, the percentage of high-growth enterprises was around 3% which once again put Denmark at the bottom compared to the other OECD countries.
There are many indications of how the crisis has left its mark on the Danish business community and Denmark must overcome the challenge of getting both new and established enterprises into dynamic growth processes.
