Government moved quickly to put €1 billion of liquidity measures in place for SMEs by reorienting existing supports for SME credit and adding additional measures to address the demands arising from the crisis. These included repurposing the Brexit Loan Scheme, with the agreement of the European Investment Fund, to become the SBCI COVID-19 Working Capital Scheme. Minister Humphreys also announced an expansion in this scheme to bring it to €450 million, an expansion in the Future Growth Loan Scheme to above its original allocation of €300 million, and improvements in the maximum loan size available to COVID-19 affected microenterprises from Microfinance Ireland along with reductions in the interest rates. This means that microenterprises can avail of loans of up to €50,000 with no interest and principal repayments in the first six months. In addition, Minister Humphreys has introduced a range of grant measures, such as the €180 million Sustaining Enterprise Fund for manufacturing and international services sector.