Publishing Date
Changes have been made to the Province’s Small and Medium Sized Business Recovery Grant Program in an effort to support more businesses impacted by COVID-19.
Overview of changes:
- The Program has been extended to August 31, 2021 or until funds are fully expended, whichever comes first;
- Businesses now only need to show a 30% revenue loss from March 2020 to time of application. (Previously, applicants needed to show a revenue loss of 70% in March or April 2020 when compared to the same one-month period in 2019);
- Businesses that have applied to the Program will have their applications re-evaluated if they didn’t qualify because of the previous 70% revenue requirement;
- Businesses that have been approved for funding are not affected by these changes; and
- Business can now get help throughout the process from a Small Business BC vetted professional service provider. This service will now be included in the up to $2,000 in additional government funding paid to the service provider.
Please visit the program website to learn more about eligibility, the application and the recovery plan. You may also call 1-833-254-4357 or email to connect with provincial staff.