The BC government has extended the deadline for the Small and Medium Sized Business Recovery Grant program.
The time to apply for the grant has been extended from March 31 to Aug. 31 this year.
One of the main requirements has also been lowered to ensure more businesses are eligible.
The previous requirement was that a business must have experienced at least a 70% revenue loss at some point in March or April 2020.
Now, a business is required to demonstrate only a 30% revenue loss in any one month between March 2020 to the point of application.
Grants of $10,000 to a maximum of $30,000 are available, with up to an additional $5,000 to $15,000 is available to tourism-related businesses.
Interpretation services are in place in multiple languages to support business owners through the application process, including the application portal and the recovery plan.
To access these services, contact Small Business BC, Monday to Friday, 9 a.m. to 5 p.m. (Pacific time), at 1 833 254-4357 or email: BusinessRecoveryGrantProgram@gov.bc.ca
“We continue to listen to B.C. businesses about what they need to navigate through the second wave of this pandemic and position themselves for a strong recovery,” said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation.
“This funding has been set aside for businesses to help them rebuild, keep people employed and support B.C.’s economic recovery. We are committed to making sure hard-hit businesses can access these critical funds.”
The $345-million Small and Medium Sized Business Recovery Grant program provides fully funded grants to businesses that employ up to 149 B.C. residents.