Deadline to Apply: July 02, 2021
Businesses that applied prior to the changes made on March 04, 2021 and did not qualify previously do not need to reapply and will have their application re-evaluated automatically.
The Small and Medium-Sized Business Recovery Grant program provides fully-funded, non-repayable grants to businesses to ensure they have the support they need during and beyond COVID-19.
This is a two-step program:
Step 1: Businesses Apply Online
Step 2: Eligible Businesses Develop Recovery Plan
Before applying, be sure to check the eligibility requirements and ensure you have all your documents ready. There have been many eligibility requirements to the program including:
Businesses have been in operation for the last 18 months (previously was 3 years)
Businesses with no staff (such as sole proprietor) are eligible
Show a 30% loss (previously 70%) in revenue from March 2020 until now, when compared to the same one-month period in 2019.
Temporarily closed or seasonal businesses are now eligible
Business recovery plans can include a large number of funded activities that help your business's adaptation and recovery due to COVID-19. These activities could include examples such as:
Provide new services to customers
Modify business location
Support to move online
Hiring marketing services for advertising and marketing
Expanding to a new customer base
Purchase of new equipment
Pay for rent, lease, or other fixed costs
Learn more here.