Canadian government funding can offset strategic projects costs anywhere from 15-100% depending on the unique grant or loan program, helping eligible businesses to meet and exceed their objectives and targets.
The Liberal Party was re-elected in the snap 2021 election with many changes coming to the future of federal grant, loan, and wage subsidy programs for Canadian businesses.
The Pacific Economic Development Canada (PacifiCan) is a new funding agency for B.C. that will award $553.1 million over five years (2021 – 2026).
FedNor, is officially a standalone agency as of August 10, 2021. Northern Ontario reveres this transition as a win for local businesses.
The Emissions Reduction Fund – Onshore Program provides up to $50M in funding towards projects that reduce or eliminate greenhouse gas emissions in the oil and gas industry.
We look at the possible outcomes of the 2021 snap election to see what could happen to government funding programs for Canadian businesses.
The Canadian federal government is providing up to $500K in funding through the Tourism Relief Fund (TRF) to help businesses adapt to COVID-19.
To optimize the amount of Canadian government funding your project can receive, consider stacking multiple federal and provincial grants and loans. This strategy can help companies support up to 75% of eligible project costs.
Canada’s Alps Welding Ltd. has worked with Mentor Works since 2012 to receive multiple funding wins totalling close to $2M.
Eligible businesses located in Western Canada can access government grants and loans to support a wide range of strategic growth projects, including business expansion, capital investment, hiring and training, and research and development.