Renowned chef and television personality Gordon Ramsay has taken out loans to protect his restaurant portfolio, all of which are currently shuttered due to the coronavirus pandemic.

Ramsay has registered charges with Barclay bank against the 16 companies that run his many restaurants, including his three Michelin-starred fine diner Gordon Ramsay, as well as Petrus, the Savoy Grill, Bread Street Kitchen, London House, Union Street Café, and more.

The TV megastar, who is estimated to be worth £200 million, will take advantage of the government’s new crisis loan scheme. Each company is eligible for a £5 million emergency loan, provided they can show they can be profitable post-pandemic.

Ramsay made the decision to let go 500 staff members in March, rather than furlough them on 80% pay, under the government’s new staff retention scheme. Staff were told that there was no guarantee they would have a position in the future.