Lytton Business Restart Program-Funding overview
Accepting applications until December 31, 2026, or until program funds are fully committed, whichever comes first.
1. Funding overview
Eligible businesses can apply for repayable or non-repayable contributions in one of these two funding streams: the Rapid Restart stream or the Small Business Recovery stream.
Rapid Restart stream (for returning businesses)
Funding:- Up to $20,000
- Non-repayable
Small Business Recovery stream (for new and returning businesses)
Funding:- Up to $1 million in total combined funding from the following sources:
- Non-repayable contributions of up to $500,000 for core businessesFootnote *
- Non-repayable contributions of up to $100,000 for non-core businesses
- Interest-free repayable contributions of up to $1 million for core and non-core businesses
- Up to $100,000:
- Begins one year after project completion
- Repaid in installments over five years
- Over $100,000:
- Begins two years after project completion
- Repaid in installments over eight years
- No collateral required or penalty for early repayment
- Contributions may be non-repayable for businesses critical to Lytton’s economic recovery
PacifiCan will work with each business to identify eligible project activities and costs, and to determine the total amount of available funding.
Eligible costs
PacifiCan funding can cover reasonable, incremental and essential project costs including:
- equipment such as machinery or computers
- supplies such as textiles or baking ingredients
- professional services
- other business expenses including commercial space fit-up and communications
- salaries and benefits (for businesses with employees)
- basic construction costs (only eligible as repayable expenses in the Small Business Recovery stream)
Ineligible costs
Funding does not cover unreasonable or unrelated costs including:
- land acquisition, land remediation and archeology activities
- construction of a personal residence
- activities covered by insurance or other funding services
- back-pay
- financing of an existing debt or repayment of loans including Canada Emergency Business Account (CEBA), Regional Relief and Recovery Fund (RRRF) or Tourism Relief Fund (TRF) loans
