Six Aycliffe firms benefit from £200k+ Covid recovery funding

Six Aycliffe firms benefit from £200k+ Covid recovery funding

Six businesses in Newton Aycliffe have so far benefited from a pot of funding designed specifically to help them recover from Covid.

The £5m Durham Business Recovery grant, funded by Durham County Council, is aimed at businesses affected by the Covid-19 crisis who are developing credible plans to meet the challenges caused by the pandemic – such as adapting business models, developing new products or entering new markets.

The grant scheme, overseen by Business Durham, the economic development arm of Durham County Council, provides grants from £1,000 up to a maximum of £40,000 for businesses with a clear recovery plan.

It has already proved extremely popular since its launch in January, receiving 467 applications worth £6.9m.

The applications received to date from across the county, will help to safeguard up to 700 jobs.

And now six Aycliffe firms have had their applications approved, totalling just under £209,000, out of £1.12m awarded in total across the county so far.

The Aycliffe beneficiaries to date include Howarth Limited, Meridian Upholstery, Planet Leisure, Raisco, BTS Fabrications and Durham Precision Engineering.

Source: Aycliffe Today

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