A European Network helping companies in distress
Each year more than 200.000 EU businesses are facing insolvency, and 1,7 million jobs are lost in the EU due to insolvency. Moreover, the risk of bankruptcy is what Europeans fear most about setting up a new business: 43% of Europeans would not start a business if it might fail compared to just 19% in the United States.
Early Warning Europe is a network organisation that has cooperated on establishing Early Warning mechanisms in Poland, Spain, Italy and Greece, providing support to 3500 companies in distress in 2017-2019. With our assistance, six new countries are in the process of building and launching national Early Warning mechanisms, namely Croatia, Finland, Hungary, Lithuania, Luxembourg and Slovenia.
We coordinate a European Network of experts, authorities, researchers, associations and chambers of commerce for improving framework conditions for SMEs and entrepreneurs across Europe through networking, exchange of good practice, cooperation and access to breaking-edge knowledge.
Based on European Best Practice
Early Warning Europe builds new best practice and draws on existing experience from Early Warning Denmark, TEAM U in Germany and Dyzo in Belgium showing that free and impartial guidance for companies in distress has a positive impact - not only on the survival chances and financial performance of the companies, but also on society. The implementation of Early Warning mechanisms across Europe uses and develops European best practice, and will help save jobs, promote growth and improve public finances.