The Small and Medium Enterprise Relaunch Grant offers financial assistance to Alberta businesses, cooperatives, and non-profit organizations that were ordered to close or curtail operations as a result of public health orders, and that experienced a revenue reduction of at least 50 per cent in April and/or May 2020, due to the COVID-19 pandemic.
Eligible organizations can apply for 15 per cent of their pre-COVID-19 revenue, up to a maximum of $5,000 in funding.
Application intake for the program opens on June 29, 2020, and will remain open until August 31st or four weeks following the start of Phase 3 of Alberta’s Relaunch Strategy, whichever is later. An official date for intake closure will be posted on the program webpage when Phase 3 of Alberta’s Relaunch Strategy is announced.
To manage the expected volume of applications, for the first week of application intake (June 29 to July 3), a specific application day has been designated for organizations depending on what region of the province their organization is based in. For the first week, organizations are encouraged to apply on the application day that is specified for their region. From July 4 onwards, organizations from all regions may apply at any time until application intake for the program closes.