County Durham Firms Secure More Than £104m In COVID-19 Support

County Durham Firms Secure More Than £104m In COVID-19 Support

More than £104m has been paid to in excess of 9,500 businesses across County Durham to help them deal with the impact of the Covid-19 pandemic.

Durham County Council has now processed all of the government’s Business Support Grants and the Local Discretionary Grants, with both schemes now closed.

A total of 8,862 companies were provided with Business Support Grants of either £10,000 or £25,000, in line with the national scheme, with payments totalling just more £99 million.

After also widening the eligibility for the Local Discretionary Grants Scheme, the council was able to support hundreds more businesses across the county. Through that scheme, it awarded in excess of £5m to 701 businesses.

Councillor Carl Marshall, cabinet member for economic regeneration, said: “It was vital to do all we could to help businesses through such a financially difficult time. The survival of our business community is key to supporting the county’s economic recovery from the coronavirus pandemic.

Source: Insider Media

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