North Devon has received unprecedented economic support to protect jobs and businesses during the Coronavirus outbreak. 12,100 jobs have been protected through the Coronavirus Job Retention Scheme, with Government grants covering 80 per cent of people’s wages, up to £2,500 a month.
Soon businesses across North Devon will be able to apply for the Local Authority Discretionary Grant. In the last few weeks North Devon Council have distributed over £35 Million in Small Business Rates Grants to over three thousand businesses.
Workers and businesses across North Devon have been given a boost by Chancellor Rishi Sunak, who has announced the current furlough scheme would be extended by a further four months with workers continuing to receive 80% of their current salary.