• 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