PacifiCan — Lytton Business Restart Program
Last Update: January 24, 2025
Lytton, BC
Lytton Business Restart Program aids in economic recovery efforts
PacifiCan — Lytton Business Restart Program at a glance
Eligible Funding
- Max. $1,000,000
Timeline
- Continuous Intakes
Financing Type
Grant and Funding
Loans and Capital investments
Eligible Industries
- Retail trade
- Health care and social assistance
- Accommodation and food services
- Other services (except public administration)
- Public administration
Grant Providers
- Pacific Economic Development Canada (PacifiCan)
Status
Open
Overview of the PacifiCan — Lytton Business Restart Program program
The Lytton Business Restart Program aims to support the economic recovery of Lytton, B.C., by providing eligible businesses with funding of up to $1 million to restart or establish their operations. The program covers a range of eligible activities such as procurement of equipment, supplies, and basic construction for small businesses contributing to the community’s revitalization.
Financing terms and conditions
This grant offers structured financing options aimed at supporting the economic revitalization of Lytton. These modalities provide both non-repayable and repayable contributions tailored to the needs of different business types.
- Non-repayable contributions available up to $20,000 for the Rapid Restart stream.
- Funding up to a maximum of $1 million in the Small Business Recovery stream, potentially including non-repayable portions for critical businesses.
- Interest-free repayable contributions when repaid within an agreed time period.
- Prioritization of funds allocated based on the business's role in the community, with core businesses receiving priority.
Eligible projects & activities
The PacifiCan — Lytton Business Restart Program supports business activities crucial to the economic recovery of Lytton. Eligible projects include acquisition of essential equipment and supplies, and specific construction-related expenses.
- Purchase of equipment, such as machinery and computers.
- Procurement of supplies, like textiles and baking ingredients.
- Other business-related expenses, including commercial space fit-up and communications.
- Basic construction costs (eligible only under the Small Business Recovery stream and as a repayable expense).
Examples of admissible projects:
$ 35,000
Upgrading production equipment and facilities for a local honey producer
$ 50,000
Purchase new kitchen equipment and renovate space for a local bakery
$ 40,000
Restocking supplies and restyling for a local clothing store
$ 60,000
Setting up a new warehouse and purchasing equipment for a local organic farm
$ 30,000
Acquire new computers and set up a coworking space for freelancers
$ 60,000
Purchase new gym equipment and renovation for a local fitness center
Eligibility criteria of the PacifiCan — Lytton Business Restart Program program
Eligibility for this grant is determined by specific requirements related to the applicant's profile and operations in the Lytton area.
- The applicant must be one of the following types of businesses: individuals/sole proprietorships, cooperatives, non-profit organizations, small- and medium-sized commercial, legally incorporated, for-profit enterprises, or Indigenous-owned businesses.
- The business must be a legal entity capable of entering into legally binding agreements.
- The business must plan to operate in the Village of Lytton or within 15 km of the Village, including on reserve.
- The business must have fewer than 500 employees.
- The business must be recognized for taxation purposes.
- The business must be prepared to start operations alongside the rebuild of the Lytton community.
Who is eligible?
The Lytton Business Restart Program is open to various business types including individuals/sole proprietorships, cooperatives, non-profit organizations, small- and medium-sized legally incorporated, for-profit enterprises, and Indigenous-owned businesses. Eligibility requires that businesses operate in or near the Village of Lytton, have fewer than 500 employees, be recognized for taxation purposes, and be ready to commence operations as the community of Lytton rebuilds. Applications are evaluated on factors such as the business's viability, capability to complete the project, and its contribution to Lytton's economic recovery.
Who is not eligible
This grant application does not explicitly outline specific companies or industries that are ineligible. The focus is on the eligibility criteria which include geographical location, employee size, and type of entity.
Eligible expenses
The Lytton Business Restart Program offers funding to businesses that support the economic rejuvenation of the Lytton community. Eligible activities under this program focus on essential business expenses and construction related to restarting and growing businesses in the affected area.
- Purchase of equipment such as machinery and computers.
- Acquisition of supplies like textiles and baking ingredients.
- Covering other business expenses including commercial space fit-up and communications.
- Basic construction costs are included but only for the Small Business Recovery stream as a repayable expense.
Eligible geographic areas
The Lytton Business Restart Program targets businesses located in or around a specific region to support the area's economic recovery. Eligible geographical areas are those within close proximity to the Village of Lytton.
- Village of Lytton.
- Within 15 km of the Village of Lytton, including on reserve lands.
Eligibility criteria of the PacifiCan — Lytton Business Restart Program program
Yes, the Lytton Business Restart Program has evaluation and selection criteria to assess eligible business applications.
- Viability of the business
- Capability to achieve project completion
- Contribution to the economic and commercial recovery of Lytton
How to apply to the PacifiCan — Lytton Business Restart Program program
1
Review Program Eligibility
- Ensure that your business meets the eligibility requirements for the program.
- Understand the types of costs that are eligible for funding under the program.
2
Contact PacifiCan
- Before preparing an application, contact PacifiCan at lytton@pacifican.gc.ca for a consultation.
- Discuss your business plans and potential program application during the consultation.
3
Prepare Business Plan
- Draft a comprehensive business plan which is critical for project assessment.
- Ensure the plan outlines how the business will contribute to the economic and commercial recovery of Lytton.
4
Gather Required Information
Collect necessary documents and information that might be needed for the application.
5
Submit Application
- Follow any specific submission instructions provided by PacifiCan during the consultation.
- Submit the application along with the business plan and any other required documents.
Additional information
The Lytton Business Restart Program aims to support the economic recovery of businesses in Lytton, B.C., with funding opportunities available until March 2025.
- Contact: lytton@pacifican.gc.ca
- Program funding will be prioritized for core returning businesses first, followed by other categories.
- A business plan is required for each application.
- Free business support services are available from Community Futures Sun Country and Community Futures Development Corporation of Central Interior First Nations.
- Information sheet and details can be downloaded from the related websites.
Contact Pacific Economic Development Canada (PacifiCan)
lytton@pacifican.gc.ca
Apply to this program
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