Early Warning Europe

Early Warning Europe provides free, impartial and confidential counselling to companies in distress


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 establishes Early Warning mechanisms in four EU Member States: Poland, Spain, Italy and Greece, providing support to 3500 companies in distress in 2017-2019. We also support the establishment of Early Warning mechanisms in five additional EU Member States in 2017-2019 – the Second Wave countries. The ultimate goal of the project is to establish Early Warning mechanisms in all EU Member States.

Simultaneously, we are establishing a European Network of experts, authorities, associations and chambers of commerce for improving framework conditions for SMEs and entrepreneurs across Europe. This work will be further strengthened by the development of an innovative, data-driven method to identifying companies in distress. The ambition is to present a Next Generation monitoring and early warning method based on machine learning and big data to identify companies that are in risk of a bankruptcy.

Member countries

 

Denmark

Danish Business Authority

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Business Development Centre Central Denmark (coordinator)

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Poland

The Polish Agency for Enterprise Development (PARP)

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Fundacja Firmy Rodzinne

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Belgium

Eurochambres

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European Small Business Alliance (ESBA)

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DYZO

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European Association of Craft, Small and Medium-sized Enterprises (UAEPME)

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Germany

Team U

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Spain

Federación Nacional de Asociaciones de Trabajadores Autónomos

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Regional Government of Madrid

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Italy

Unione Industriale di Torino

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Greece

Small Enterprises’ Institute of the Hellenic Confederation of Professionals, Craftsmen, and Merchants

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Athens Chamber of Tradesmen (EEA)

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7

countries

15

partners

4

new EW mechanisms

3

mentor organizations

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.

Meet the secretariat of Early Warning EuropE

Latest News

On this webpage we continuously share the latest news for the Early Warning Europe project.

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Breakfast event on establishment of Early Warning tools in EU Member States

11/09/2019 The Early Warning Europe project partners organized a Breakfast Event in Brussels, where the officials from all of the EU Member States were invited to learn about the project and discuss how it is relevant to the implementation of Directive EU 2019/1023 on restructuring and insolvency, which refers explicitly to the need for “Early warning and access to information”.
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Expert Network shares knowledge on 'Giving honest entrepreneurs a second chance'

05/09/2019 The members of the Early Warning Europe Expert Network came together in Barcelona for their 11th meeting, which provided an opportunity to share knowledge about the importance of giving entrepreneurs a 'second chance' if their first business venture is not successful, and what different countries are already doing in this regard.
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Secrets of big data supporting companies in distress

26/06/2019 Early Waring machine learning tool gives the opportunity to use data to see issues that could create trouble to SMEs. It is the method that helps identify companies in crisis in order to offer them valuable advice and support.
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