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Richard Branson pledges $250m to help Virgin companies

Operators
Tom Parry
23 March 2020

Richard Branson has pledged to inject $250m to help his Virgin businesses “in their fight for survival”.

He said the group’s travel and leisure businesses faced a “massive battle to survive and save jobs”

He said the funds would be injected “over the next weeks and months” to protect the range of companies and save jobs, adding: “That is likely just the start.”

Branson wrote in a blog post on Sunday (22 March) the chances of securing a widespread economic recovery following the coronavirus pandemic would “depend critically upon governments around the world” implementing support programmes.

“This is the most significant crisis the world has experienced in my lifetime,” he said.