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Resources for the Tourism Industry

 

Below you will find information regarding funding programs for tourism and tourist revitalization.

Please note that funding programs have their own rules, including eligibility requirements, deadlines and application procedures. Visiting a program’s website for detailed information is recommended.

Federal Resources

Innovation, Science and Economic Development Canada provides a list of financial supports available to tourism businesses during the COVID-19 pandemic. I have highlighted several of these measures as follows:

  • The Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee is a new program for businesses heavily impacted by COVID-19, such as those in the tourism and hospitality sector. The HASCAP allows eligible businesses to access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs.

  • Western Economic Diversification Canada (WD) is the Federal Government’s regional development agency for the four western provinces. WD delivers the Regional Relief and Recovery Fund to support western Canadian businesses that have been impacted by COVID-19. 25% of the funding is reserved for the tourism sector.

  • WD also delivers the Canadian Experiences Fund, which supports growth and diversification projects in the tourism sector. Please note that WD received a high number of applications, which exceeded the amount of funding available. The application period is currently closed.

You may also wish to consult the New Support for Tourism and Hospitality webpage as part of the Government of Canada’s Fall Economic Statement 2020, published on November 30, 2020. The Federal Government’s Budget 2021, which will be presented on April 19, 2021, may include additional measures for the tourism industry.

 

Provincial Resources