Friday, April 19, 2024

Applications for “circuit breaker” grant are now open for BC-based businesses


Eligible bars, breweries, wineries, gyms and fitness centres can now apply for the “Circuit Breaker” business relief grant announced last week.

In a press conference on Thursday, the BC government announced a provincial relief grant of $50 million for roughly 14,000 BC businesses impacted by the new March 30th COVID-19 restrictions.

The grant will provide affected businesses with one-time funding to help with expenses like rent, insurance, employee wages, maintenance and utilities.

Eligible businesses will receive between $1,000 and $10,000 which can also help cover unexpected costs, such as the purchase of perishable goods, that resulted from COVID-19 restrictions.

The grant is open to eligible businesses of any size that have been in operation since February 2021. To be eligible, a business is required to:

  • confirm it has been affected by the recent provincial health orders;
  • provide electronic banking information;
  • confirm it is registered as a B.C. business;
  • produce a business validation document, such as a business licence, liquor licence, notice of assessment or lease agreement; and
  • confirm majority ownership and operations and payment of taxes in B.C.

How much money a business receives depends will depend on how many employees they have.

The funds have been reallocated from the $345-million small and medium-sized business recovery grant program announced in early February. 

Businesses that were closed or had their licences revoked due to provincial health order non-compliance will not be eligible for this grant.

Applications will remain open until June 4th, 2021, or until the grant funds are disbursed and can be applied for online.

Victoria Buzz Staff
Your inside source for Greater Victoria happenings. Established in 2012.

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