The U.K.’s chancellor of the exchequer on Tuesday announced £330 billion ($398 billion) in loans to businesses as part of an “unprecedented” financial support package to the British economy, following the coronavirus outbreak. 

Rishi Sunak said he was willing to do “whatever it takes” to keep companies and employees afloat, and was willing to provide more assistance if needed.

He was speaking at a news conference alongside Prime Minister Boris Johnson and Chief Scientific Adviser Sir Patrick Vallance.

The chancellor also announced cash grants of up to £25,000 ($30,300) to companies to help them through this difficult period, and

Read more: UK pledges $398B in loans to help businesses