Small Business Support Program — Sustainable Livelihood Fund
- Open Date : November 1, 2021
- Closing date : March 31, 2022
Overview
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.
At a glance
Funding available
- Develop workforce skills
- Varies by project
- Open Date : November 1, 2021
- Closing date : March 31, 2022
Eligible candidates
- Agriculture, forestry, fishing and hunting
- Retail trade
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration
- Nunavut
- For-profit business
- Sole proprietorship
- Social economy enterprise
- $ 500,000 maximum revenue
- 10 employees maximum
- Rural or Northern Residents
Next Steps
Activities funded
The Sustainable Livelihood Fund aims to bolster the economic resilience of small enterprises in the tourism, arts & crafts, and harvesting sectors by supporting essential operational needs. This can involve addressing immediate legal or bookkeeping challenges, procuring necessary equipment, and covering important insurance costs.
- Assistance to overcome immediate legal or bookkeeping problems.
- Support for the purchase of tools and other minor capital items.
- Coverage for tourism operators' liability insurance expenses.
Eligibility
Who is eligible?
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
Who is not eligible
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.
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.
Eligible geographic areas
This grant can be applied to by businesses located in Nunavut. Local community economic development offices are available for submission of applications in specific regions within Nunavut.
- Kitikmeot region
- Kivalliq region
- North Baffin region
- South Baffin region
Additional information
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.