Small and Medium Sized Business Recovery Grant
The Small and Medium Sized Business Recovery Grants are helping businesses with COVID-19 recovery. Intake is closed and funds have been distributed.
Last updated: December 22, 2021
On this page:
- How the program worked
- Evaluation considerations
- How businesses are using their funding
- Reporting requirements
Grants of $10,000 to $30,000 were available to small and medium sized B.C. businesses impacted by COVID-19. An additional $5,000 to $15,000 grant was available to eligible tourism-related businesses.
To receive funding a business had to meet eligibility criteria, submit required documents, and complete a recovery plan.
A business had to meet all eligibility criteria to receive a base grant:
- The majority share of the business is owned by one or more B.C. residents
- The business is a for-profit operation (not-for-profit organizations are not eligible)
- The business has been operating in B.C. for at least 18 months as of your date of application to this grant program
- The business’s sole or primary operations are located and conducted in B.C.
- The business is registered in B.C.
- The business is current and pays taxes in B.C.
- The business is currently operating (businesses that are seasonal or temporarily closed are also eligible)
- The business employs up to 149 people in B.C. for at least four months of the calendar year
- This includes businesses that had employees or contracted staff before February 1, 2020
- For businesses that do not have staff, please tell us in your application how the grant funding will support your recovery and benefit your community
- The business had positive cash flow for the last financial statement, before February 1, 2020
- The business had at least a 30% revenue loss from March 2020 to present when compared to the same one-month period in 2019
- The business’s ownership has not prepared the business for closure, dissolution or for sale following February 1, 2020
*Seasonal businesses should provide information relevant to their specific business cycle.
Tourism-related businesses could qualify to receive up to $15,000 in additional funding if they were eligible for the base grant and met the tourism grant top-up criteria.
To receive the tourism grant top-up, you had to declare that a significant part of your business's total goods or services are purchased by visitors.
Tourism-related businesses are those that cater to persons travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes.
Tourism sector businesses can include:
- Food and beverage services
- Entertainment services
- Travel services
- Recreational vehicle rentals
- Other similar businesses
- Long-term stays
- Condominium sub-leases
- Home-stay arrangements
- Vacation rentals
A recovery plan is a list of specific actions a business can take to support continued operation under the “new normal” conditions of COVID-19. It must be realistic and easy to put in place and must explain the timeframe for the action to be complete along with how much each action will cost.
Funding could be used to implement the actions identified in the recovery plan. For example:
- Provide new services to customers
- Modify physical business location
- Install new outdoor patio with social distancing barriers
- Support business moving online
- Hire a B.C.-based online marketing service
- Diversify business to reach new customers or offer new services (E.g. delivery, new tour packages, new products)
- Purchase equipment to support a change or improvement to goods or services
- Other actions that support business recovery
Businesses that received grant funding may be contacted for information and documentation about their grant application and how the grant funding was used.