The CBA is keeping the Canadian biogas/RNG sector updated on resources regarding COVID-19 responses and support. Information on funding opportunities, webinars, and support pages are provided below and updated on a weekly basis.
Federal Employee Wage Subsidy Support Measures
Canadian-controlled private corporations are eligible for the Canada Emergency Wage Subsidy.
Employers in Canada may also be eligible for the 10% Temporary Wage Subsidy for Employers.
Temporary changes to the Canada Summer Jobs Program.
Canada's COVID-19 Economic Response Plan
The Government of Canada is taking immediate, significant and decisive action through Canada’s COVID-19 Economic Response Plan to support Canadians and businesses facing hardship as a result of the global COVID-19 outbreak. This includes support for entrepreneur, innovators, and Canada’s energy sector.
Business Credit Availability Program (BCAP)
On March 13, 2020, the Government announced the establishment of a Business Credit Availability Program (BCAP) to help Canadian businesses obtain financing during the current period of significant uncertainty. The BCAP will support access to financing for Canadian businesses in all sectors and regions. Through this program, Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) will provide $65 billion in direct lending and other types of financial support at market rates to businesses with viable business models whose access to financing would otherwise be restricted.
NSERC Alliance COVID-19 Grants>
The federal government has launched new NSERC Alliance COVID-19 Grants for up to $50,000. Applicants must be university researchers, collaborating with private-sector, public-sector or not-for-profit organizations.
Increased Credit Available for Agriculture, Fisheries and Aquaculture>
The federal government has enabled Farm Credit Canada to provide an additional $5 billion in lending to producers, agribusinesses, and food processors. This will offer increased flexibility to farmers who face cashflow issues and to processors who are impacted by lost sales, helping them remain financially sound during this difficult time.
ERA Injects up to $10 Million to Improve Cash Flow for Projects>
To help navigate the impacts of the COVID-19 pandemic and the economic challenges facing Alberta, Emissions Reduction Alberta (ERA) is making up to $10 million available in the next quarter to speed up cash flow and support the liquidity of their active projects. They are temporarily adjusting their payment holdback policy to a lower percentage held until project completion. This response helps reduce red tape and gets committed investments to companies more quickly.
MaRS Cleantech Webinar Series
Export Development Canada webinar: Managing the COVID-19 Impact on Global Supply Chains