Virgin Money is focused on supporting customers, colleagues and communities. It’s helping business customers access credit and get payment holidays through empowered relationship managers and is supporting the government’s CBILS and CLBILS schemes. Personal customers are being supported with interest-free overdrafts, payment holidays on mortgages, credit cards and loans and money management tools to help them bank from home. It’s protecting the wellbeing of colleagues through home working, covering lunch and travel costs for critical workers and not proceeding with previously announced redundancies. The Virgin Money Foundation is supporting local charities’ COVID-19 efforts with over £850k of funding and Virgin Money is also covering the platform fee for its not-for-profit fundraising platform, Virgin Money Giving, from April 18th until the end of the government lockdown. Campaigns such as Run for Heroes are using Virgin Money Giving to raise money for NHS Charities Together.
Virgin Orbit has designed a mass producible bridge ventilator. These have been granted emergency use authorisation by the FDA. Guided by the medical expertise and clinical experience of the Bridge Ventilator Consortium — a group of doctors, medical researchers, and medical device engineers collaborating to advise multiple different low-cost ventilator efforts — Virgin Orbit has leveraged its extensive engineering design, manufacturing, and operational capabilities to quickly design a novel ventilator, test prototype units, and ramp up production of these devices.