With federal and Ontario funding making weekly appearances in government funding news, it may feel like Western Canadian grants and loans aren’t as available or prevalent for small businesses. But fear not, government funding programs for Canadian businesses in provinces such as Manitoba are also available for a multitude of funding options including COVID-19 support, hiring and training, tech adoption, innovative research, and business expansion.
Is your business located in Manitoba? Learn about which small business grants and loans may be applicable to support your current or upcoming projects.
There are provincial and federal government funding programs that support Manitoba businesses through various types of strategic projects. By being proactive and applying for government grants and/or loans, Manitoba businesses can access small business funding that can make an innovative project more feasible with additional financial support.
Browse these programs to learn more about government funding for Manitoba businesses.
Manitoba Small Business Grants
Government grants are non-repayable funding towards the strong support of economic growth or innovation. Here are a few Manitoba-specific grants currently available to take advantage of if your business has a project that meets the eligibility criteria.
The Canada-Manitoba Job Grant (CMJG) is a provincial stream of the Canada Job Grant (CJG). The CMJG offers government grants to employers to provide training for their new and existing Canadian employees to improve their employability and in-demand skillsets.
Amount: Non-repayable grant contributions of up to 66% of training costs (ie. course, exams, textbooks, software resources, etc.) up to a maximum limit of $10,000 per trainee.
Eligibility: Manitoba-based small businesses with a minimum $2M liability insurance. Trainee must be a resident of Manitoba, permanent Canadian citizen, or granted refugee status.
Timeline: Training projects must be completed within the year and cannot be over 12 months in length. The program is currently accepting applications for employee training delivered between April 2020 and March 2021.
Types of Projects: Hiring and training new and existing employees through third-party training programs that develop job-specific skills.
The CanExport funding program provides Canadian government grants to support export expansion marketing projects including participation in trade shows and government-led trade missions. By accessing CanExport funding for exporting activities, Manitoba businesses can de-risk export market evaluation and development, and ultimately accelerate their international growth.
Amount: Manitoba businesses may access up to 75% of costs through grant funding for export marketing projects to a maximum $75,000 per application.
Eligibility: 1+ years incorporated with taxes filed, 1-500 FTE employees, and $100k-$100M in annual revenue. Budget must be >$20,000 for one market where less than $20,000 or 10% of international sales have been generated in the past 24 months.
Timeline: Continuous intake of applications. Apply at least six weeks ahead of incurring eligible project expenses. Up to two applications can be submitted per government fiscal year, but only one project can be open at a time.
Types of Projects: Business expansion marketing projects including trade shows, marketing material translation, and market research.
The Strategic Innovation Fund (SIF) is a Canadian government funding program that can provide support for technology development projects for Manitoba businesses. It promotes large-scale investments in Canada, while also encouraging technology transfer and development and/or commercialization of disruptive products and services.
Amount: SIF funding can offset eligible project costs by up to 50% to a minimum $10 million in grants and/or a combination of loans to help Manitoba businesses improve productivity and innovation.
Eligibility: Incorporated Canadian businesses with high growth potential and the ability to drive innovation. Must leverage significant private sector co-investments.
Timeline: Streams 1-3 and 5 offer continuous intake and stream 4 has annual intake dates. Projects can go beyond 5 years.
Types of Projects: Research, development, commercialization of innovative technologies.
Manitoba Small Business Loans
Government loans are repayable funding options towards the strong support of economic recovery, relief, and growth of a business within an economy, as well as for other projects such as advanced innovation in a scientific or technological sector. Here are some Manitoba-specific loan programs that are currently available to meet your business needs.
The Canada Small Business Financing Program is part of the Canada Small Business Financing Act and can help support Manitoba small business growth through business loans with competitive interest rates.
Amount: Up to $1 million for business expansion activities, including the acquisition of a building, leasehold improvements, purchasing new or used equipment, and software components.
Eligibility: For-profit Canadian companies with annual gross revenues of <$10 million. Decision based on personal credit scores. May require a business plan.
Timeline: Applications accepted year-round. Must apply at a financial institution or credit union.
Types of Projects: Business expansion projects that will create sustainable growth within the Manitoba business.
The Dairy Processing Investment Fund (DPIF) is a five year (2017-2021) Canadian government grant program supporting dairy processors who invest in areas that improve productivity and competitiveness. This funding support includes equipment and infrastructure needed to compete on a global level.
Amount: Up to 50% of costs to a maximum of $10 million for capital expenditure projects and up to $250,000 per application for access to expertise.
Timeline: Continuous intake of funding applications until March 31, 2021 or until funds have been fully allocated.
Eligibility: Canadian dairy processors, including cheese makers. Non-profits/co-operatives can apply if involved in the dairy processing sector.
Types of Projects: Capital technology adoption and/or technology adaption to make use of surplus skim milk or improve a facility’s capacity to use milk/components by 1.6% above market forecast growth.
The Western Business Scale-up and Productivity (BSP) Program can help Manitoba businesses with high growth potential in adopting and/or adapting innovative technology processes to support productivity, grow operations, and increase exports to global markets.
Amount: Repayable contribution (no-interest loan) of up to 50% of eligible project expenses to a maximum $5 million per project and $10 million per applicant.
Eligibility: Must maintain profitable operations in western Canada (British Columbia, Alberta, Saskatchewan, or Manitoba) for at least two years, and be incorporated at the time of application. Projects must focus on advanced manufacturing, digital technology, value-added agriculture, clean technology, clean resources, or life sciences.
Timeline: The next application intake period is from January 15 to February 16, 2021. Funding is provided through periodic reimbursements to cover incurred and paid project costs. Projects can last for up to three years; repayment begins one year after project is complete.
Types of Projects: Capital and technology adoption or adaption of innovative technologies and processes, expanding management capacity, commercializing/producing new products or processes, and researching/developing export markets.
Government Funding for Western Canadian Businesses
The Western Canada and Manitoba small business grants and loans listed on this blog may offer support for your organization’s upcoming projects. To discuss your eligibility and receive application assistance during the process, please contact Mentor Works.
Strong business development is one of the most important strategies a company can plan for and perform. Canadian government funding supports businesses by helping them meet their targets and project goals towards economic growth and innovation.
Interested to learn more about the different types of funding available to Canadian businesses? Different types of funding options such as grants, loans, tax credits, incentives, and vouchers are all available and each have their own advantages and limitations. Download our Types of Government Funding Slide Deck to learn more.