Small and medium-sized businesses are vital to British Columbia’s economy. The Small and Medium-Sized Business Recovery Grant program provides fully-funded grants to businesses to ensure they have the support they need during and beyond COVID-19.
How the program works
The Small and Medium-Sized Business Recovery Grant program will invest up to $300 million in targeted financial support for some of the hardest hit businesses in B.C. that employ between two and 149 B.C. residents and have experienced declines in revenue since March 10, 2020.
Grants of $10,000 to $30,000 are available. An additional $5,000 to $10,000 grant is available to eligible tourism-related businesses that have been hit especially hard by COVID-19.
The program runs until March 31, 2021 or until the funds are fully allocated, whichever comes first.
Tourism grant top-up
Tourism-related businesses can qualify to receive up to an additional $10,000 grant if they meet all the general eligibility criteria and the tourism grant eligibility criteria.