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Government of Sweden

06/10/2021 | Press release | Distributed by Public on 06/10/2021 08:29

Government extends ‘Företagsakuten’ for a further three months

The Government has decided to extend the government credit guarantee scheme, 'Företagsakuten', to support small- and medium-sized companies in financial difficulty due to the pandemic from 30 June to 30 September 2021.

'Företagsakuten' was launched in April 2020 as part of the Government's measures to support the business sector during the ongoing pandemic. It is based on an agreement between the government parties, the Centre Party and the Liberal Party. Most of the 'Företagsakuten' loans have so far been issued to companies in sectors hard hit by the pandemic, such as the restaurant, hotel and retail sectors.

By the end of April, these loans amounted to SEK 2.6 billion across 752 commitments. Most of the loans were paid out during the acute phase of the pandemic in spring 2020, when 'Företagsakuten' guaranteed a significant part of all lending to the country's small- and medium-sized companies. At present, the need for 'Företagsakuten' is limited but, before the liquidity support ends, the Government wants to be able to confirm a broad and clear economic pick-up. For this reason, 'Företagsakuten' has now been extended to also apply to the third quarter of 2021.