Thank you very much, Mr. Chair, and thanks to our witness for being here today. I'm a big fan of EDC and BDC, it goes without saying.
I want to take a bit of a different angle here. As a former business person, I understand that when you borrow money, you have to pay it back. What I'm trying to get at is that the government came out, with great fanfare, with about $2 billion worth of relief, but the reality is that a lot of these small and medium-sized enterprises I'm talking to are not able to get access to it, whether it's duty drawback or duty relief, duty deferral—whatever the case may be. The challenge I have is that loaning more money is not helpful, although it may be helpful if we get a deal and we get it resolved as we move forward.
When I talked to over 150 stakeholders this summer in three provinces—as a Conservative group we spoke to over 200—I can assure you that no one I talked to was able to get access to this money. That's partly because of the way the programs are set up. It's not a function of what you guys do, because you guys work within your parameters.
When I look at the $1.7 billion, either through BDC or EDC, I see a $250 million strategic innovation fund, which, by the way—correct me if I'm wrong—is only available for companies with over $10 million in sales and over 200 employees. Is that correct?