With many businesses suffering hard times due to the recent outbreak of the Coronavirus, there is finally some good news! Facebook has announced that it will offer a helping hand for up to 30,000 small businesses across 30 countries with $100 million in cash grants and ad credits.

In a recent Instagram post, Facebook’s COO, Sheryl Sandberg, said “Small businesses are the heartbeat of our communities, and many of the people who run these businesses are heavily affected by the crisis – especially as more and more people sensibly stay home. That is why Facebook is investing $100 million to help 30,000 small businesses in over 30 countries where our employees live and work. Whatever happens next, we will be working to help businesses weather this storm. Please keep safe and look out for those around you.”

Although the details have yet to be announced Facebook has stated that the programme is designed to help ‘keep your workforce going strong’, ‘help with your rent costs’, ‘connect with more customers’ and ‘cover operational costs’.

Facebook are aiming to take applications in the coming weeks. If you would like to receive updates or more information when it becomes available you can sign up via the Facebook website here.