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Small and Medium Sized Business Recovery Grant

Small and Medium Sized Business Recovery Grant

Technology Sector Program Funding Government COVID-19

The program has been extended to August 31, 2021 or until funds are fully expended, whichever comes first. Businesses only need to show a 30% revenue loss from March 2020 to now when compared to the same one-month period in 2019.

As of March 4, 2021:

  • The program has been extended to August 31, 2021 or until funds are fully expended, whichever comes first
  • Businesses only need to show a 30% revenue loss from March 2020 to now when compared to the same one-month period in 2019
  • Get help preparing a complete application package from a registered Small Business BC service provider

If you applied to the program prior to March 4, 2021: 

  • You do not need to resubmit an application 
  • Applications received prior to changes will be reviewed under updated program criteria
  • Businesses that have already been approved for funding are not affected by these changes

How the program works 

Grants of $10,000 to $30,000 are available to small and medium sized B.C. businesses impacted by COVID-19. An additional $5,000 to $15,000 grant is available to eligible tourism-related businesses. 

The program runs until August 31, 2021 or until the funds are fully expended, whichever comes first.

Application process

Businesses apply for funding online.

If you’re eligible, you’ll be asked to develop a recovery plan. Professional service providers are available to help businesses with the recovery plan as needed. More information is available in the application.

Once your recovery plan is submitted and reviewed, approved businesses will receive grant funding for their plan.

You may be asked to give information and documentation about your recovery efforts and how the grant funding was used.

For more information please click here.

Additional Info

Source : https://www2.gov.bc.ca/gov/content/economic-recovery/business-recovery-grant#new

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