diff --git a/packages/dashboard-frontend/src/components/BannerAlert/NoNodeAvailable/__mocks__/index.tsx b/packages/dashboard-frontend/src/components/BannerAlert/NoNodeAvailable/__mocks__/index.tsx
new file mode 100644
index 000000000..dddc380bb
--- /dev/null
+++ b/packages/dashboard-frontend/src/components/BannerAlert/NoNodeAvailable/__mocks__/index.tsx
@@ -0,0 +1,19 @@
+/*
+ * Copyright (c) 2018-2024 Red Hat, Inc.
+ * This program and the accompanying materials are made
+ * available under the terms of the Eclipse Public License 2.0
+ * which is available at https://www.eclipse.org/legal/epl-2.0/
+ *
+ * SPDX-License-Identifier: EPL-2.0
+ *
+ * Contributors:
+ *   Red Hat, Inc. - initial API and implementation
+ */
+
+import React from 'react';
+
+export default class BannerAlertNoNodeAvailable extends React.PureComponent {
+  public render(): React.ReactElement {
+    return <div>Mock BannerAlertNoNodeAvailable component</div>;
+  }
+}
diff --git a/packages/dashboard-frontend/src/components/BannerAlert/NoNodeAvailable/__tests__/index.spec.tsx b/packages/dashboard-frontend/src/components/BannerAlert/NoNodeAvailable/__tests__/index.spec.tsx
new file mode 100644
index 000000000..99e3cb30c
--- /dev/null
+++ b/packages/dashboard-frontend/src/components/BannerAlert/NoNodeAvailable/__tests__/index.spec.tsx
@@ -0,0 +1,84 @@
+/*
+ * Copyright (c) 2018-2024 Red Hat, Inc.
+ * This program and the accompanying materials are made
+ * available under the terms of the Eclipse Public License 2.0
+ * which is available at https://www.eclipse.org/legal/epl-2.0/
+ *
+ * SPDX-License-Identifier: EPL-2.0
+ *
+ * Contributors:
+ *   Red Hat, Inc. - initial API and implementation
+ */
+
+import { screen, waitFor } from '@testing-library/react';
+import React from 'react';
+import { Provider } from 'react-redux';
+import { Store } from 'redux';
+
+import BannerAlertNoNodeAvailable from '@/components/BannerAlert/NoNodeAvailable';
+import getComponentRenderer from '@/services/__mocks__/getComponentRenderer';
+import { DevWorkspaceBuilder } from '@/store/__mocks__/devWorkspaceBuilder';
+import { FakeStoreBuilder } from '@/store/__mocks__/storeBuilder';
+
+const { renderComponent } = getComponentRenderer(getComponent);
+const text =
+  '"FailedScheduling" event occurred. If cluster autoscaler is enabled it might be provisioning a new node now and workspace startup will take longer than usual.';
+
+describe('BannerAlertNoNodeAvailable component', () => {
+  it('should show alert when failedScheduling event is received and hide alert when workspace has started', async () => {
+    const { reRenderComponent } = renderComponent(new FakeStoreBuilder().build());
+
+    const events = [
+      {
+        reason: 'FailedScheduling',
+        message: 'No preemption victims found for incoming pod',
+        metadata: { uid: 'uid' },
+      } as any,
+    ];
+    const store = new FakeStoreBuilder().withEvents({ events }).build();
+    reRenderComponent(store);
+
+    await waitFor(() => expect(screen.queryAllByText(text).length).toEqual(1));
+  });
+
+  it('should hide alert when workspace has started', async () => {
+    const { reRenderComponent } = renderComponent(new FakeStoreBuilder().build());
+
+    const events = [
+      {
+        reason: 'FailedScheduling',
+        message: 'No preemption victims found for incoming pod',
+        metadata: { uid: 'uid' },
+      } as any,
+    ];
+    const workspaces = [
+      new DevWorkspaceBuilder().withStatus({ phase: 'STARTING', devworkspaceId: 'id' }).build(),
+    ];
+    const store = new FakeStoreBuilder()
+      .withEvents({ events })
+      .withDevWorkspaces({ workspaces })
+      .build();
+    reRenderComponent(store);
+
+    await waitFor(() => expect(screen.queryAllByText(text).length).toEqual(1));
+
+    const nextWorkspaces = [
+      new DevWorkspaceBuilder().withStatus({ phase: 'RUNNING', devworkspaceId: 'id' }).build(),
+    ];
+    const nextStore = new FakeStoreBuilder()
+      .withEvents({ events })
+      .withDevWorkspaces({ workspaces: nextWorkspaces })
+      .build();
+    reRenderComponent(nextStore);
+
+    await waitFor(() => expect(screen.queryAllByText(text).length).toEqual(0));
+  });
+});
+
+function getComponent(store: Store<any, any>) {
+  return (
+    <Provider store={store}>
+      <BannerAlertNoNodeAvailable />
+    </Provider>
+  );
+}
diff --git a/packages/dashboard-frontend/src/components/BannerAlert/NoNodeAvailable/index.tsx b/packages/dashboard-frontend/src/components/BannerAlert/NoNodeAvailable/index.tsx
new file mode 100644
index 000000000..a3f9a528d
--- /dev/null
+++ b/packages/dashboard-frontend/src/components/BannerAlert/NoNodeAvailable/index.tsx
@@ -0,0 +1,110 @@
+/*
+ * Copyright (c) 2018-2024 Red Hat, Inc.
+ * This program and the accompanying materials are made
+ * available under the terms of the Eclipse Public License 2.0
+ * which is available at https://www.eclipse.org/legal/epl-2.0/
+ *
+ * SPDX-License-Identifier: EPL-2.0
+ *
+ * Contributors:
+ *   Red Hat, Inc. - initial API and implementation
+ */
+
+import { Banner } from '@patternfly/react-core';
+import React from 'react';
+import { connect, ConnectedProps } from 'react-redux';
+
+import { container } from '@/inversify.config';
+import { WebsocketClient } from '@/services/backend-client/websocketClient';
+import { DevWorkspaceStatus } from '@/services/helpers/types';
+import { AppState } from '@/store';
+import { selectAllEvents } from '@/store/Events/selectors';
+import { selectAllWorkspaces } from '@/store/Workspaces/selectors';
+
+type Props = MappedProps;
+
+type State = {
+  startingWorkspaces: string[];
+};
+
+class BannerAlertNoNodeAvailable extends React.PureComponent<Props, State> {
+  private readonly websocketClient: WebsocketClient;
+
+  constructor(props: Props) {
+    super(props);
+    this.websocketClient = container.get(WebsocketClient);
+    this.state = {
+      startingWorkspaces: [],
+    };
+  }
+
+  componentDidUpdate(prevProps: Readonly<Props>) {
+    this.handleAllEventsChange(prevProps);
+    this.handleAllWorkspacesChange(prevProps);
+  }
+
+  private handleAllEventsChange(prevProps: Readonly<Props>) {
+    const allEvents = this.props.allEvents;
+    const prevAllEvents = prevProps.allEvents;
+
+    if (JSON.stringify(allEvents) === JSON.stringify(prevAllEvents)) {
+      return;
+    }
+
+    const event = allEvents[allEvents.length - 1];
+    if (
+      event.message !== undefined &&
+      event.reason === 'FailedScheduling' &&
+      event.message.indexOf('No preemption victims found for incoming pod') > -1 &&
+      this.state.startingWorkspaces.length === 0
+    ) {
+      this.setState({ startingWorkspaces: [event.metadata!.uid!] });
+    }
+  }
+
+  private handleAllWorkspacesChange(prevProps: Readonly<Props>) {
+    const prevAllWorkspaces = prevProps.allWorkspaces;
+    const allWorkspaces = this.props.allWorkspaces;
+
+    if (JSON.stringify(allWorkspaces) === JSON.stringify(prevAllWorkspaces)) {
+      return;
+    }
+
+    if (
+      allWorkspaces.some(
+        workspace =>
+          workspace.status === DevWorkspaceStatus.RUNNING &&
+          prevAllWorkspaces.find(
+            prevWorkspace =>
+              prevWorkspace.id === workspace.id &&
+              prevWorkspace.status === DevWorkspaceStatus.STARTING,
+          ),
+      )
+    ) {
+      this.setState({ startingWorkspaces: [] });
+    }
+  }
+
+  render() {
+    if (this.state.startingWorkspaces.length === 0) {
+      return null;
+    }
+
+    return (
+      <Banner className="pf-u-text-align-center" variant="warning">
+        &quot;FailedScheduling&quot; event occurred. If cluster autoscaler is enabled it might be
+        provisioning a new node now and workspace startup will take longer than usual.
+      </Banner>
+    );
+  }
+}
+
+const mapStateToProps = (state: AppState) => ({
+  allEvents: selectAllEvents(state),
+  allWorkspaces: selectAllWorkspaces(state),
+});
+
+const connector = connect(mapStateToProps);
+
+type MappedProps = ConnectedProps<typeof connector>;
+export default connector(BannerAlertNoNodeAvailable);
diff --git a/packages/dashboard-frontend/src/components/BannerAlert/__tests__/__snapshots__/index.spec.tsx.snap b/packages/dashboard-frontend/src/components/BannerAlert/__tests__/__snapshots__/index.spec.tsx.snap
index 059d03ff7..f1887c158 100644
--- a/packages/dashboard-frontend/src/components/BannerAlert/__tests__/__snapshots__/index.spec.tsx.snap
+++ b/packages/dashboard-frontend/src/components/BannerAlert/__tests__/__snapshots__/index.spec.tsx.snap
@@ -17,5 +17,10 @@ exports[`BannerAlert snapshot 1`] = `
       Mock BannerAlertCustomWarning component
     </div>
   </div>
+  <div>
+    <div>
+      Mock BannerAlertNoNodeAvailable component
+    </div>
+  </div>
 </div>
 `;
diff --git a/packages/dashboard-frontend/src/components/BannerAlert/__tests__/index.spec.tsx b/packages/dashboard-frontend/src/components/BannerAlert/__tests__/index.spec.tsx
index 027de9efb..13b9b1c5a 100644
--- a/packages/dashboard-frontend/src/components/BannerAlert/__tests__/index.spec.tsx
+++ b/packages/dashboard-frontend/src/components/BannerAlert/__tests__/index.spec.tsx
@@ -19,6 +19,7 @@ jest.mock('@/components/BannerAlert/Branding');
 jest.mock('@/components/BannerAlert/Custom');
 jest.mock('@/components/BannerAlert/NotSupportedBrowser');
 jest.mock('@/components/BannerAlert/WebSocket');
+jest.mock('@/components/BannerAlert/NoNodeAvailable');
 
 const { createSnapshot } = getComponentRenderer(getComponent);
 
diff --git a/packages/dashboard-frontend/src/components/BannerAlert/index.tsx b/packages/dashboard-frontend/src/components/BannerAlert/index.tsx
index bb7cea494..67476acf3 100644
--- a/packages/dashboard-frontend/src/components/BannerAlert/index.tsx
+++ b/packages/dashboard-frontend/src/components/BannerAlert/index.tsx
@@ -14,6 +14,7 @@ import React from 'react';
 
 import BannerAlertBranding from '@/components/BannerAlert/Branding';
 import BannerAlertCustomWarning from '@/components/BannerAlert/Custom';
+import BannerAlertNoNodeAvailable from '@/components/BannerAlert/NoNodeAvailable';
 import BannerAlertWebSocket from '@/components/BannerAlert/WebSocket';
 
 type Props = unknown;
@@ -30,6 +31,7 @@ export class BannerAlert extends React.PureComponent<Props, State> {
         <BannerAlertWebSocket key="BannerAlertWebSocket"></BannerAlertWebSocket>,
         <BannerAlertBranding key="BannerAlertBranding"></BannerAlertBranding>,
         <BannerAlertCustomWarning key="BannerAlertCustomWarning"></BannerAlertCustomWarning>,
+        <BannerAlertNoNodeAvailable key="BannerAlertNoNodeAvailable"></BannerAlertNoNodeAvailable>,
       ],
     };
   }