Local governments, Not-for-profit organizations and First Nations serving small rural communities in BC may be eligible to receive funding for projects that support community and economic development.

To be eligible, the proposed projects must support BC communities with a population of under 25,000, and fall within one of these four categories: Community Capacity Building; Workforce Development; Community and Economic Development; or Business Sector Development.

Maximum funding ranges from $10,000 to $500,000, depending on type of projects and applicants.

“Balanced Budget 2017 extended the $25 million per year Rural Dividend Fund for a fourth year into 2019-20, enhancing the Province’s resources to assist rural communities with a population of less than 25,000 residents.

Local governments, not-for-profit organizations and First Nations are encouraged to apply to the third intake of the BC Rural Dividend program. Single applicants can apply for up to $100,000 for community-driven projects and must contribute at least 20% of the total project cost. Partnerships involving more than one eligible applicant can apply for up to $500,000, and must contribute 40% of the total project cost.”
(BC Government Press release: https://news.gov.bc.ca/releases/2017RED0018-000720)

For detailed program information, please visit the Government of BC website at http://www2.gov.bc.ca/gov/content/employment-business/economic-development/developing-your-community/community-partners/rural-advisory-council/rural-dividend

The online application form will be available starting on April 3 at https://grantstream.com/RuralDividend/form/default/en/

Interested in taking advantage of this or other funding programs available to your organization? Speak to one of the trusted business advisors at RHN to find out how you can maximize your funding potential and to ensure your organization’s financial reporting satisfies your funding provider’s and other governmental reporting requirements. Contact us today.

This post has been prepared for general information purposes. It is not advice. The information presented may not fit your unique situation, please consult one of our trusted business advisors at RHN CPA for further clarification and interpretation of your circumstances.