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|openingDateNovember 01, 2021
- grant_single|closingDateMarch 31, 2022
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Retail trade
- Arts, entertainment and recreation
- Accommodation and food services
- 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
This grant provides financial assistance to small businesses, community organizations, and individuals to help them adapt and overcome challenges posed by the pandemic. The eligible activities focus on business relief, development, and sustainability across various sectors.
- Payment of insurance or licensing fees for business operations.
- Subsidization of office rentals and utility bills.
- Reimbursement for non-refundable business expenses for goods that became unusable due to the pandemic.
- Support for business start-ups and expansions through the Small Business Opportunities Fund.
- Development of business and marketing plans, as well as new pilot projects and business wind-down strategies.
- Training and skill development in areas such as accounting, bookkeeping, and tourism safety through the Entrepreneur Development Fund.
- Establishing business aftercare programs for ongoing support.
- Overcoming legal or bookkeeping problems in the tourism, arts & crafts, and harvesting sectors through the Sustainable Livelihood Fund.
- Purchasing tools and minor capital items necessary for business operations.
- Assistance to cover costs like tourism operators' liability insurance.
grant_single|admissibleProjectsExample
$5,000
Launch an eco-friendly craft store with reusable materials
$5,000
Expand local arts center to include a community gallery
$5,000
Establish a local heritage museum focusing on Indigenous culture
$5,000
Expand a family-owned harvesting business with new equipment
$5,000
Attract new tourists by creating guided walking tours
$5,000
Launch a sustainable tour guide service targeting eco-tourists
grant_single_labels|admissibility
This grant is aimed at supporting small businesses and entrepreneurs, with specific criteria defining eligibility.
- The applicant must be a business or entrepreneur with less than $500,000 in gross sales.
- The business must employ fewer than ten employees.
- Eligible applicants include those in sectors such as arts, crafts, retail, tourism, and harvesting.
- Applicants must be in good standing with no outstanding obligations to 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
The eligibility criteria provided for the Small Business Support Program does not specify certain types of companies or industries that are excluded. However, businesses should meet the entry requirements described to qualify for the grant.
grant_eligibility_criteria|eligible_expenses
The grant covers specific business relief expenses.
- Insurance or licensing fees.
- Office rentals.
- Utilities.
- Non-refundable business expenses for goods that are unusable due to the pandemic.
grant_eligibility_criteria|zone
This grant supports businesses within the regions specifically mentioned for community economic development in the context provided. The eligible geographical areas are regional offices as noted.
- Kitikmeot Region
- Kivalliq Region
- North Baffin
- South Baffin
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
Here are the steps to submit an application for this grant:
- Step 1: Review Eligibility Criteria
- Ensure your business or organization meets the eligibility criteria including gross sales and number of employees.
- Verify that you are in good standing without any outstanding obligations with the Department of Economic Development and Transportation.
- Check that your expenses fall within the eligible categories outlined.
- Step 2: Prepare Application Package
- Complete the Small Business Support Program Application form.
- Prepare a short explanation detailing how the pandemic has affected your business.
- Step 3: Submit Application Package
- Submit the completed application package to your local Community Economic Development Officer (if available) or the relevant Regional Community Operations Office.
- Ensure the submission is completed before the deadline of March 31, 2022.
- Step 4: Await Confirmation
- After submission, wait for confirmation of receipt from the Community Economic Development Office.
- Keep any communications for future reference.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Funding may not cover tax remittances, loan payments, or owner drawings.
- There are additional funding opportunities available through the Grants and Contributions Policy, including funds specifically designed for the development of business and marketing plans, training, and the acquisition of minor capital items.
- Applications must be submitted by March 31, 2022, implying a strict application deadline.
- Applicants must utilize local Community Economic Development Officers or Regional Community Operations Offices for submission.
grant_single_labels|contact
867-982-7445
Apply to this program
Empowering Small Businesses Through Supportive Funding
The Small Business Support Program aims to provide critical financial assistance to small businesses and entrepreneurs affected by the economic impacts of the pandemic. Designed to fuel growth and sustainability, the program addresses immediate resource needs and offers support for long-term strategic development.
Detailed Insights into the Small Business Support Program
The Small Business Support Program is a targeted initiative developed to bolster the survival and expansion of small businesses, community organizations, and individual entrepreneurs in Canada who have been affected by the adverse economic consequences of the pandemic. The primary objective of this program is to encourage business attraction, retention, and expansion by alleviating financial burdens on eligible small enterprises. Eligible applicants are those with modest operational scales, typically generating less than $500,000 in gross sales or employing fewer than ten individuals. This wide-ranging eligibility ensures that a broad spectrum of small businesses across various sectors—including arts, crafts, retail, tourism, and harvesting—can benefit from financial support designed to mitigate pandemic-related challenges.The program provides funding for specific business expenses that are essential to continuing operations and maintaining workforce levels. It allows businesses to claim relief on expenses such as insurance and licensing fees, office rentals, utilities, and other non-refundable business expenses for items rendered unusable due to pandemic disruptions. It is explicitly stipulated, however, that the funds cannot be diverted to cover lost revenue, tax commitments, loan repayments, or owner profit withdrawals. This structured approach ensures that the money is used effectively to stabilize and propel the business forward during uncertain times.Applications are open until March 31, 2022, and must include a comprehensive package that outlines the specifics of the business's pandemic impact. Applicants can submit their documentation via local Community Economic Development Officers or through the designated Regional Community Operations Office, further streamlining community-level access to financial resources.Beyond immediate relief, the program extends its reach through additional funding streams such as the Small Business Opportunities Fund and the Entrepreneur Development Fund. The former supports start-ups and business expansions by facilitating the development of marketing strategies and operational plans. It also backs innovation through new pilot projects, thus fostering a climate of entrepreneurial creativity and resilience.On the other hand, the Entrepreneur Development Fund focuses on the human capital development aspect. It offers crucial support in training and skills development in areas like accounting and tourism safety, which are vital for running a business effectively. This holistic view ensures that businesses are not only financially equipped but also have the education and skills necessary to sustain growth.Moreover, the Sustainable Livelihood Fund aims at tourism, arts and crafts, and harvesting sectors, providing much-needed help with overcoming immediate legal or bookkeeping hurdles. It facilitates the procurement of tools and equipment necessary for daily operations and helps cover important costs like liability insurance for tourism operators.Together, these funds and programs underscore a comprehensive approach that goes beyond mere financial aid. They contribute to a resilient small business ecosystem by promoting innovation, skill acquisition, and sustainable practices, all aligned with long-term strategic economic development goals.The Small Business Support Program represents a meaningful opportunity for small enterprises and entrepreneurs to withstand current challenges and prepare strategically for future growth. By providing necessary resources and guidance, it not only addresses immediate financial constraints but also sets a robust foundation for thriving post-pandemic business environments in Canada.
