Small Business Support Program — Sustainable Livelihood Fund
NU, Canada
Funds for tourism, arts & crafts and harvesting sectors in Nunavut
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Retail trade
- Arts, entertainment and recreation
- Other services (except public administration)
- Public administration
grant_single|grantors
- Department of Economic Development and Transportation (NU)
- Government of Nunavut
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Get a contribution of up to $5,000 per application, to a lifetime maximum of $10,000, for activities you undertake in your tourism, arts & crafts or harvesting business.
grant_single_labels|projects
There are eligible projects and activities for the Small Business Support Program grant:
- New business attraction and retention initiatives
- Business expansion support
- Investing in business development across various sectors such as arts, crafts, retail, tourism, and harvesting
grant_single|admissibleProjectsExample
$5,000
Halifax
Expand a family-owned harvesting business with new equipment in Halifax.
$5,000
Calgary
Launch a sustainable tour guide service in Calgary targeting eco-tourists.
$5,000
Toronto
Expand local arts center to include a community gallery in Toronto.
$5,000
Vancouver
Attract new tourists by creating guided walking tours in Vancouver.
$5,000
Montreal
Launch an eco-friendly craft store with reusable materials in Montreal.
$5,000
Ottawa
Establish a local heritage museum focusing on Indigenous culture in Ottawa.
grant_single_labels|admissibility
The eligibility criteria for this grant are as follows:
- Businesses or entrepreneurs typically with less than $500,000 in gross sales or fewer than ten employees are eligible to apply.
- Applicants must be in good standing and have no outstanding accounting or other contractual obligations with the Department of Economic Development and Transportation.
grant_eligibility_criteria|who_can_apply
Small businesses, community organizations, and individuals with less than $500,000 in gross sales or fewer than ten employees are eligible for the Small Business Support Program grant in Nunavut.
- Small businesses
- Community organizations
- Individuals
- Businesses from all sectors including artists, craftspeople, retail, tourism, and harvesters
grant_eligibility_criteria|who_cannot_apply
Some types of companies that are not eligible for this grant include:
- Businesses with more than $500,000 in gross sales or more than ten employees
- Businesses with outstanding accounting or contractual obligations with the Department of Economic Development and Transportation
grant_eligibility_criteria|eligible_expenses
The Small Business Support Program provides funding to subsidise eligible business expenses including insurance or licensing fees, office rentals, utilities, and non-refundable business expenses for goods that are unusable due to the pandemic.
- Insurance or licensing fees
- Office rentals
- Utilities
- Non-refundable business expenses for unusable goods
grant_single_labels|criteria
There are evaluation and selection criteria for the Small Business Support Program grant in Nunavut:
- Applicants must have less than $500,000 in gross sales or fewer than ten employees.
- Applicants must be in good standing and have no outstanding accounting or other contractual obligations with the Department of Economic Development and Transportation.
- Business relief funding is available for eligible expenses incurred between November 1, 2021, and March 31, 2022.
- The funding may not be used for lost income or revenue, tax remittances, or loan payments.
grant_single_labels|register
- Step 1: Download and complete the Small Business Support Program Application form.
- Step 2: Provide a brief explanation of how the business has been impacted by the pandemic.
- Step 3: Ensure the business is in good standing with no outstanding obligations to the Department of Economic Development and Transportation.
- Step 4: Compile all required documentation and submit the completed application package.
- Step 5: Submit the application to either the local Community Economic Development Officer or the relevant Regional Community Operations Office.
grant_single_labels|contact
867-982-7445
Apply to this program
Small Business Support Program Grant Summary
The Small Business Support Program provides funding to small businesses, community organizations, and individuals in Nunavut to invest in business attraction, retention, expansion, and support. Eligible applicants must meet specific criteria regarding business size and activity sectors, and the funding can be used to subsidize a range of eligible business expenses.
Small Business Support Program Grant Detailed Explanation
The Small Business Support Program in Nunavut aims to assist small businesses, community organizations, and individuals by providing financial support for various business activities. Businesses or entrepreneurs with less than $500,000 in gross sales or fewer than ten employees can apply for funding to invest in new business initiatives.
Applicants must be in good standing with no outstanding obligations to the Department of Economic Development and Transportation. The grant can be used to subsidize expenses like insurance or licensing fees, office rentals, utilities, and specific business costs impacted by the pandemic between November 1, 2021, and March 31, 2022.
While the funding cannot compensate for lost income or tax payments, it aims to support businesses facing challenges due to the pandemic. Eligible applicants must complete and submit the Small Business Support Program Application, along with an explanation of how their business has been affected by the pandemic.
In addition to the main grant program, the Small Business Support Program offers further funding opportunities through the Grants and Contributions Policy. These additional funds include the Small Business Opportunities Fund, Entrepreneur Development Fund, and Sustainable Livelihood Fund.
The Small Business Opportunities Fund supports business start-ups and expansions, assists in developing business and marketing plans, and supports new pilot projects and business wind-down activities. The Entrepreneur Development Fund focuses on skill development, assisting with training in accounting, bookkeeping, business start-up, and tourism safety.
Moreover, the Sustainable Livelihood Fund supports activities in the tourism, arts & crafts, and harvesting sectors, helping businesses overcome legal or bookkeeping issues, acquire tools and minor capital items, and pay for tourism operators' liability insurance.
Overall, the Small Business Support Program in Nunavut plays a crucial role in aiding small businesses and entrepreneurs in their growth and development by providing financial resources to support and enhance their operations. By offering diverse funding opportunities and targeted support, the program contributes to the economic sustainability and prosperity of businesses across various sectors in the region.