To support local businesses in looking forward and meeting the challenge of recovery, Durham County Council has introduced a £5 million Durham Business Recovery Grant. Open to businesses in all sectors located in the County, the grant is aimed at those with a credible plan to adapt and recover from the effects of COVID-19, but requiring financial support to implement their plan.
The grants range from a minimum of £1,000 up to a maximum of £40,000 and are able to contribute 75% towards eligible recovery plan costs, with the business expected to meet a quarter of the project cost.
The grants are not intended to provide crisis funding, general working capital or subsidise losses but can be used towards costs such as adapting operational models and working practices, adapting premises or business models to attract new customers or visitors, developing and marketing new product offerings or other relevant costs to meet a defined need that will help to increase sales.
There is no time limit or closing date for applications, so we strongly advise you take your time in understanding the eligibility criteria and thinking about what you need prior to beginning the application process.
Click here to apply for the business recovery grant.
Thanks to John Atkinson and Helen McDougall for bringing this to our attention and asking us to share it with you.