Tag: recovery

Updates to BC Small and Medium Sized Business Recovery Grant

The Government of British Columbia has announced updates to the eligibility of the Small and Medium Sized Business Recovery Grant

Grants of $10,000 to $30,000 are available to small and medium sized B.C. businesses impacted by COVID-19. An additional $5,000 to $15,000 grant is available to eligible tourism-related businesses. 

The program runs until August 31, 2021 or until the funds are fully expended, whichever comes first.

If you need assistance with applying for the grant or just have questions on eligibility give us a call at Georgeopoulos & Company and we will help.

Important Program Updates

As of March 4, 2021:

  • The program has been extended to August 31st, 2021 or until funds are fully expended, whichever comes first
  • Businesses only need to show a 30% revenue loss from March 2020 to now when compared to the same one-month period in 2019
  • Help preparing a complete application package is now available from a registered Small Business BC service provider

If you applied to the program prior to March 4th, 2021: 

  • You do not need to resubmit an application
  • Applications received prior to changes will be reviewed under updated program criteria
  • Businesses that have already been approved for funding are not affected by these changes