Grant scheme helps hundreds of businesses

More than 300 businesses have been supported and over 3,500 jobs safeguarded through a coronavirus recovery grant scheme in County Durham.

The Durham Business Recovery Grant was launched by Durham County Council in January to help companies overcome the challenges caused by the pandemic and has helped 318 businesses across the county.

The grant was aimed at businesses affected by coronavirus pandemic which were developing recovery plans to meet the challenges they faced – such as purchasing new equipment, developing new products and expanding into new markets.

The scheme, overseen by the council’s business support service Business Durham, offered firms with a clear recovery plan, grants of between £1,000 and £40,000.

Originally set at£5m, an additional

£1m was added to the fund.

Grants have been awarded to 119 companies (37%) in retail and personal services, 61 (19%) in manufacturing and engineering, 60 (19%) in the cultural, creative and tourism sectors and 34(11%) in business and professional services and distribution.

Cllr Elizabeth Scott, Durham County Council’s cabinet member for economy and partnerships, said :“Over the past 16 months, County Durham businesses have displayed immense resilience, adaptability and innovation, as they continueto navigate the challenges of the pandemic.

"It has been fantastic to see companies diversify to survive by expanding into new markets and manufacturing different products.”

She added: "It is fantastic to see we have been able to support over 300 companies across the county.”