More than 97 per cent of coronavirus grant funding has been delivered to eligible businesses by Hull City Council.
The local authority has distributed grants to 4,022 of 4,133 eligible businesses hit by the effects of the pandemic.
More than £45 million has been handed out since applications began in April.
The Small Business Grant Fund has seen £33.8 million paid to 3,317 of 3,374 eligible small businesses in grants of £10,000.
And the Retail Hospitality Leisure Grant Fund has paid out in £8.8 million in £25,000 payments, while another £3.6 million in £10,000 payments.
Councillor Daren Hale, deputy leader of Hull City Council, said: “Our business support teams have worked tremendously hard to distribute such a high amount of grants in a short period of time. Some businesses in the city will no doubt only be operating now because of the speed with which these applications were processed.
“It is important to point out that not every business is eligible for this support as the funding is tied to business rates within rules set by the Government. The council is working hard to help these businesses. Last month, we launched a discretionary business grant fund to help businesses that may have missed out on previous support during the coronavirus pandemic.”
More details about coronavirus grant funding schemes can be found on the council’s website.
A 10-step plan has been launched by Hull City Council to support businesses in the city as they try to return to work safely and recover from the effects of the coronavirus pandemic.
Learn more about the plan here.