Small Business Recovery Consulting Rebate

This grant provides financial support to assist businesses in accessing professional consultancy services crucial for economic recovery. The funding modalities are structured to maximize assistance to qualifying businesses within specific parameters.

• A rebate of up to 85% for costs related to consulting services.
• The yearly maximum rebate amount is $30,000.
• Projects must have a minimum budget of $1,000 to qualify for reimbursement.

Small and medium-sized businesses located within the Northern Development Initiative Trust region may be eligible for this grant if they meet certain criteria.

• The business must be impacted by economic downturns or other specified events.
• The business must be incorporated or a sole proprietorship established for two or more years with annual revenues exceeding $30,000.
• The business must be actively operating with current revenue.
• The business must be privately owned.
• The business must have fewer than 500 employees.
• The business must have revenues less than $100 million.
• First Nations businesses in eligible industries are also eligible to apply.
• First Nations development corporations and community contribution companies can also apply.

Who is eligible?

Who is not eligible

There are types of companies that are not eligible for this grant. Businesses that do not meet the program's criteria such as revenue thresholds, employee limits, or industry restrictions are not eligible.

• Businesses with revenues exceeding $100 million
• Businesses with more than 500 employees
• Non-operating businesses
• Non-privately owned businesses

Eligible expenses

This grant supports small and medium-sized businesses in central and northern B.C. by reimbursing costs for consulting services aimed at improving business operations and recovery post-economic downturns or other continuity events. Eligible projects encompass a range of business development and strategic planning activities to restore business health and profitability.

• Business planning and strategic planning.
• Business continuity planning and emergency response planning.
• Market development and e-commerce development.
• Business coaching for growth and development.
• Human resource management improvement strategies.
• Operations, operational efficiency, and process improvement.
• Quality and safety management projects.
• Cash flow and financial management system enhancements.
• Inventory management optimization.
• Marketing strategies, including brand development/evolution and web development.

Eligible geographic areas

This grant is available exclusively to businesses located within a specific region of British Columbia, as determined by the funding body. The eligible geographical area is designed to support regional economic development for recovery efforts.

• Companies must be located or headquartered within the Northern Development Initiative Trust region of British Columbia, Canada.

The Small Business Recovery Consulting Rebate program has evaluation and selection criteria. Qualified businesses must be located in the Northern Development Initiative Trust region, be impacted by economic downturns, meet specific revenue thresholds, and fall within eligible industries.

• Applicants must be located in the Northern Development Initiative Trust region.
• Businesses must be impacted by economic downturns.
• Revenue thresholds and industry eligibility criteria must be met.
• Projects must focus on sustaining business operations and recovering business health.

Here are some additional relevant details for this grant:

• Projects must focus on sustaining business operations and recovering business health and profitability to pre-event levels.
• The rebate can cover up to 85% of consulting fees, with a potential maximum yearly rebate of $30,000.
• All potential applicants are encouraged to contact Northern Development staff for detailed project discussions and eligibility verification before application.