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Economic Development

North East business group expands scheme to support businesses affected by pandemic

The Open North Foundation is looking to help companies affected by the latest coronavirus regulations

Founders of the Open North Foundation - : Front row Gill Courtney, Claire Preston. Back row: Mark Stephenson, Colin Hewitt, Paul Shields, Richard Swart.(Image: publicity handout from Bradley O'Mahoney)

A business group set up in the North East to help companies affected by the pandemic has broadened its scope to help firms hit by the new Omicron variant.

The Open North Foundation has made grants to around 20 companies, as well as offering other forms of support, since being set up by a group of business figures in the region last year.

The foundation has been supported with donations from businesses and other organisations, raising tens of thousands of pounds that has so far been used to help businesses that want to grow as part of the recovery from the pandemic.

Read more: go here for more North East business news

But the rise of the new coronavirus variant and its impact on some businesses has led the organisation to say it will offer help to businesses affected by the Government’s Plan B restrictions.

Hospitality businesses in particular have seen large numbers of cancellations in recent days after Government scientists advised people to limit social contact in the run-up to Christmas.

A number of business groups have called for some form of Government help for affected firms.

Open North Foundation chair Richard Swart said: “We were set up as a unique business-led response to help firms damaged by Covid. It makes sense with the worsening of the situation, to now step up with this change of focus. Although the grants and services are free, they are subject to resources and availability.