Major Anchor Attractions Program
Applications to the Major Anchor Attractions Program are now closed. Decisions will be communicated to applicants in late July.
The Major Anchor Attractions Program provided one-time emergency funding to major anchor attractions and tour bus companies that service tourism attractions to help them operate at minimal levels until domestic travel resumes and it's safe to gather indoors in small groups.
Last updated: June 8, 2021
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The program will provide grants totalling up to $50 million, depending on uptake. The grant amount for each organization is calculated through a formula based on their total revenue loss after deducting surpluses and other government funding received.
Maximum grant amounts apply to each eligibility stream to help maximize the number of organizations that will receive funding.
|Stream 1: Major anchor attractions in urban areas||Stream 2: Major anchor attractions in rural areas||Stream 3: Tour bus companies|
|Up to $1 million||Up to $500,000||Up to $500,000|
Grant funding can only be used to cover costs essential to the operation of the organization, for example:
- Necessary business expenses like payroll, rent, utilities, maintenance, vehicle leases, insurance or administrative fees and licensing
- Expenses related to equipment or infrastructure to comply with COVID-19 guidelines and support the safety of visitors and workers
- Expenses to restart or ramp up operations when provincial health orders and restrictions are lifted
- Scheduled mortgage payments (not including prepayment of principal)
- Operating leases in effect since February 15, 2020
- Municipal property taxes
Up to 25% of funding may be used to repay debt incurred after February 15, 2020. This does not include debt owed to the federal government, for example, debt incurred from a COVID-19 loan program.
Grant funding can't be used for:
- Paying employees more than their regular base pay, such as executive bonuses
- Paying contractors or service providers more than fair market value for services performed
- Buying real estate, making investments or providing loans to others
- Making payments on debt incurred before February 15, 2020 (not including scheduled mortgage payments)
- Repayment of debts owed to any government
- Capital expenses not related to COVID-19 adaptations or maintenance of capital assets
- Paying federal or provincial taxes
- Paying shareholder loans, dividends and inter-company or related party transfers/payments
- Paying for operations outside of B.C.
Successful applicants will be required to:
- Spend the funding 6 months after payments are deposited
- Provide a report on how the funding was used 7 months after payments are deposited
Reporting and auditing requirements will be outlined for successful applicants before they agree to receive funding.