Indigenous Tourism BC in partnership with Indigenous Services Canada and the Aboriginal Financial Institutions in BC are once again delivering a Tourism and Hospitality Fund through the Indigenous Community Business Fund. The fund supports the operation of the businesses as well as costs to support the adaptation, planning and reopening of businesses.
Please find our Frequently Asked Questions (FAQ) below with themes of General Information, ICBF Stream 1, ICBF Stream 2, Form and Tourism and Hospitality Sector.
The program continues to support operational losses for businesses which have been impacted by the pandemic. The program guidelines have been clarified to support applications requesting financial support for costs to support the adaptation, planning and reopening of a business.
Eligible costs have been updated to include:
Answer: ICBF does not support revenue losses. Where communities have experienced a loss of revenues which has impacted their ability to support core community programs, they may apply for support from Own-source revenues for Indigenous communities Initiative (OSRICI) https://www.sac-isc.gc.ca/eng/1623255117700/1623255147941
Answer: Each community will receive an allocation under ICBF Stream 1 which can be used to cover economic recovery planning costs. If you require additional financial support, please inquire with the regional office regarding funding availability.
Where a business has demonstrated operational losses, eligible expenses will be considered for support. For wages and rent expenses support will only be considered if the applicant has been unable to access Canada Emergency Wage Subsidy and Canada Emergency Rent Subsidy; assessment criteria for wages and rent will be consistent with the requirements for those initiatives.
Where a business has demonstrated operational losses and is unable to meet debt servicing requirements, ICBF can help support the payments for regularly scheduled principal payments of an existing debt that is not related to other federal COVID-19 financial support.
ICBF can support costs related to the adaptation, planning and reopening of a community-owned business which has been impacted by COVID (as described above). Applicants will be required to a provide a description of the planned activities and how they will support the business. A detailed cost breakdown with supporting documentation (e.g. quotes) will also be required.
Eligible adaptation costs include:
Where a business has applied for support for operational losses, eligible operating costs include:
Costs not eligible for non-repayable contributions include:
Answer: No, under Stream 2 a business is eligible as long as it is community-owned.
Answer: If the business plans to reopen next season, they would not be considered to have permanently ceased operations, and as such would be eligible for support. Other programs are providing support to seasonal businesses/workers (e.g. CEWS).
In the application, the “number of jobs maintained” would be the jobs that would still be in place next season or in 2021 since the support would cover what would have been the 2020 season.
Answer: Yes, applications must be submitted by the community or collectives on behalf of the business to their respective regional offices.
Answer: There are no submission deadlines. Applications for funding are accepted on an ongoing basis until all funding has been allocated.
Answer: A business is eligible as long as it is 50.1% community-owned.
Answer: If the business continues to operate with a reduction in revenues as a result of COVID-19, you can apply in 2021/2022.
Answer: If your business is closed due to government order in response to the COVID-19 pandemic, you are eligible to apply.
Answer: Yes, if there is still an operational gap.
Answer: Yes, however, funding caps may be put place depending on program demand to ensure as many as First Nations, Inuit or Métis communities or collective have access to the fund.
Answer: You must provide financial statements to demonstrate the decrease in revenue that covers the period of the application request. To be eligible, it is expected that you will continue to operate with a decrease in revenues over the coming months as a result of COVID-19.
Answer: For requests under $500,000 ICBF support, the applicant will have to provide a signed attestation. For request above $500,000, the applicants must provide supporting documents. Please note that as for all federal programs, funding is subject to audit.
Answer: Last year ITBC, in partnership with Aboriginal Financial Institutions, successfully delivered ICBF stream 2 funds up to $250,000 to eligible BC-based businesses in the Tourism and Hospitality sector. This arrangement has been renewed for fiscal year 2021-22. ITBC has authority to approve ICBF funding under the same terms and conditions as ISC, for expenses up to $250,000 (including operational losses as of April 1, 2021) to eligible businesses in the Tourism and Hospitality Sector.