This program is tailored specifically for business owners like you in British Columbia. You have the chance to access up to $250,000 in funding to invest in improving your tourism offerings, adopting new technologies, or enhancing sustainability practices. This funding can be a game-changer, allowing you to create unique experiences that attract both national and international visitors, making your business stand out in a competitive market.

For nonprofit projects, the funding is non-repayable, meaning it’s essentially free money to boost your initiatives. If you're pursuing an enterprise project, the funding is interest-free, which means you can improve without the weight of additional costs. By applying, you not only gain financial support but also contribute to the overall growth of tourism in your region. With no minimum revenue or employee requirements, this program is accessible and easy to qualify for, ensuring that you can take advantage of this excellent opportunity.

Type of Financing

This program offers two types of funding:

• Non-repayable funding for nonprofit projects, up to $250,000. This means you don’t have to pay it back!

• Repayable, interest-free funding for enterprise projects, also up to $250,000. You can receive this amount without paying any interest, which is great for managing costs.

Repayment Terms

For the repayable funding, while there is no interest charged, you will need to repay the sum within a set period. Be sure to check the program details for specific terms regarding when repayment begins and the duration for paying it back.

Eligible Expenses

You can use the funds for:

• Improving or creating innovative tourist offerings.
• Supporting investments in technology and sustainability.

Exclusions

It's essential to note that funds cannot be used for operational expenses or anything outside of the outlined eligible activities.

Fees

Currently, there are no fees associated with this program. That means no surprises when you apply for the funding!

• Location: The business must be based in British Columbia.

• Sectors: Open to all sectors.

• Employee Requirement:

  • No minimum number of employees required.
  • No maximum number of employees required.

• Company Revenue:

  • No minimum revenue requirement.
  • No maximum revenue requirement.

• Legal Structure: All legal structures are applicable.

• Profit Structure: All profit structures are applicable.

Disqualifiers: None specified in the context provided.

This program is designed to boost regional tourism in British Columbia by enhancing tourism experiences and making the province a more attractive destination for visitors. You can access up to $250,000 in funding, which can be used for projects that meet the program's goals, such as improving your tourist offerings or investing in technology and sustainability.

For nonprofit projects, the funding is non-repayable, meaning you won’t have to pay back the money. If you're running an enterprise project, the funding is repayable but interest-free, allowing you to improve your business without the burden of interest costs.

This initiative is available to all sectors and is aimed at supporting innovation in tourism. By participating, you can enhance your business offerings, making them more competitive and appealing to both national and international visitors. This is an excellent opportunity to invest in your business and contribute to the growth of tourism in your region.