Nyhavn - Copenhagen's entertainment district

Copenhagen helps local businesses recover from the effects of COVID

Copenhagen helps local businesses recover from the effects of COVID

The Danish capital will allocate around EUR 1 million to help needy businesses

Earlier this year, the City of Copenhagen shared that it has set aside a total of DKK 10 million (EUR 1.344 million) to support needy businesses and help them recover from the impact of the COVID crisis. The first round of applications for financial aid ended on 26 May and the city’s finance committee was then tasked with assessing all submissions.

On Wednesday 16 June, Copenhagen announced that 16 of the 70 applicants have been chosen to receive financial support. Taking this further, DKK 7 million (EUR 941,299) has been distributed across the successful candidates.

It is important to highlight that there will be a second (and final) round of applications for financial aid this autumn.

What activities are being supported?

In a press release, the City of Copenhagen lists some of the 16 activities and events which have received financial support. These include an entrepreneurial festival about green sustainability, summer screenings, treasure hunts, jazz in Nyhavn, and other events which will help companies and industries recover from the effects of the pandemic.

Commenting on the candidates of the first round, Employment and Integration Mayor Cecilia Lonning-Skovgaard explained: “There has been a fantastic variety of ideas in the applications, and the number of applications shows that there are a lot of people who want to make a dedicated effort to get Copenhagen back on track as the lively and exciting city it is.”

By financing campaigns, festivals and other events, the Danish capital hopes to bring life back to the city’s streets. In addition to this, it seeks to provide Copenhagen’s business communities with opportunities to network and share knowledge.

Ultimately, the support provided by the city will be beneficial to businesses, residents, and tourists alike. Moreover, it will undoubtedly boost the economy and attract more visitors to the capital.

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