EU approves two British aid schemes to help virus-hit companies
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BRUSSELS (Reuters) - EU competition regulators cleared on Wednesday two British state aid schemes to help small- and medium-sized companies hit by the coronavirus outbreak.The British measures, which will run until September, provide guarantees that cover 80% of loan facilities for companies with sales up to 45 million pounds and also direct grants.The European Commission said the schemes comply with its temporary state aid rules targeted at virus-hit companies in the bloc.