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The Government of Newfoundland and Labrador actively supports economic growth through a variety of grants and funding programs tailored for businesses and non-profits. Key initiatives include the Job Creation Partnerships program for employment opportunities, and funding options like the Innovation and Business Investment Corporation to boost sector-specific development and sustainability.
The Government of Newfoundland and Labrador plays a vital role in fostering economic growth and development across the province. As part of its commitment to supporting local enterprises and community organizations, it offers a range of grants and funding opportunities designed to help businesses and non-profit entities thrive.
At the heart of these initiatives is an understanding that financial support can be the difference between survival and growth for many organizations. Consequently, the government has established several programs aimed at various sectors and organizational needs.
One of the cornerstone programs is the Job Creation Partnerships (JCP), which is designed to support projects that create meaningful work experience for unemployed individuals. This program not only provides businesses and non-profits with additional labor resources but also empowers local communities by enhancing the employability of its citizens. Funding through JCP helps cover participant wages and associated project costs, making it a valuable resource for both non-profits and businesses looking to contribute to local employment.
For businesses specifically, the Innovation and Business Investment Corporation (IBIC) offers several funding options aimed at stimulating economic activity and innovation within the province. The Business Development Support Program provides financial assistance to small and medium-sized enterprises (SMEs) looking to venture into new markets or enhance their operations. This program helps offset costs related to marketing, quality improvements, and productivity enhancements, thereby enabling SMEs to expand their reach both nationally and internationally.
Additionally, the Research and Development (R&D) Fund is tailored for companies focusing on innovation. This fund supports research and development activities that lead to valuable intellectual property and improved practices, making it a crucial tool for tech startups and other innovative industries in Newfoundland and Labrador.
For non-profit organizations, the Community Sector Council Newfoundland and Labrador facilitates numerous programs, including the Community-Based Initiatives Fund. This fund is targeted at projects that aim to improve the quality of life in local communities. Grants are awarded to initiatives that address community needs in areas such as health, education, and social services, ensuring that non-profits have the resources needed to make significant impacts at the grassroots level.
In the realm of environmental sustainability, the Newfoundland and Labrador Green Economy Initiative provides funding to both businesses and non-profits engaged in green projects. This initiative seeks to encourage sustainable practices by supporting projects that lead to energy conservation, reduced carbon emissions, and overall environmental stewardship.
Access to these grants and funding opportunities typically involves a thorough application process, where the prospective grantee must demonstrate how their project aligns with the objectives of the program. Applicants must also provide detailed plans and budgets to ensure the funds will be used effectively.
The Government of Newfoundland and Labrador continues to review and adapt its funding initiatives to meet the evolving needs of its economy and communities. By investing in both businesses and non-profit organizations, the government not only promotes economic growth but also strengthens the social fabric of the province. Through strategic funding support, it aims to create a sustainable and prosperous future for all its residents, fostering an environment where innovation, community wellbeing, and economic vitality can flourish.
grants_directory|subCount grants_directory|show
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Loans and Capital investmentsgrant_card_status|open
Investment Attraction Fund
Newfoundland and Labrador investment attraction fund
grant_card|eligibleFinancing
- grant_card|noCondition
grant_card|eligibleIndustries
- grant_card|allIndustries
grant_card|eligibleProjects
HUMAN RESOURCESBUSINESS BUYOUT
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Grant and Fundinggrant_card_status|open
Regional Development Fund — Community Capacity Building
Financial support for training in Newfoundland and Labrador
grant_card|eligibleFinancing
- grant_card|maxCount
grant_card|eligibleIndustries
- grant_card|allIndustries
grant_card|eligibleProjects
COMMERCIALIZATIONHUMAN RESOURCES
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Tax Creditsgrant_card_status|open
Direct Equity Tax Credit
Tax credit for Newfoundland and Labrador investors
grant_card|eligibleFinancing
- grant_card|maxCount
- grant_card|projectCostPercent
grant_card|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
grant_card|eligibleProjects
TECHNOLOGY
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Grant and Fundinggrant_card_status|open
Operating Grant Program
Subsidy for childcare services in Newfoundland and Labrador
grant_card|eligibleFinancing
- grant_card|noCondition
grant_card|eligibleIndustries
- Health care and social assistance
grant_card|eligibleProjects
HUMAN RESOURCES
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Grant and Fundinggrant_card_status|open
Canada – Newfoundland and Labrador Job Grant
Money to train existing and new employees in Newfoundland and Labrador
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- grant_card|allIndustries
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HUMAN RESOURCES
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Grant and Fundinggrant_card_status|open
Market Readiness Subsidy Program
Money for Newfoundland and Labrador’s tourism service industry
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- grant_card|maxCount
- grant_card|projectCostPercent
grant_card|eligibleIndustries
- Accommodation and food services
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ENVIRONMENT AND CLIMATEINNOVATION
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Grant and Fundinggrant_card_status|closed
Climate Change Challenge Fund
Money to reduce greenhouse gases in N.L.
grant_card|eligibleFinancing
- grant_card|noCondition
grant_card|eligibleIndustries
- grant_card|allIndustries
grant_card|eligibleProjects
ENVIRONMENT AND CLIMATE
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Grant and Fundinggrant_card_status|open
Self-Employment Assistance
Funding to support self-employment job creation
grant_card|eligibleFinancing
- grant_card|noCondition
grant_card|eligibleIndustries
- grant_card|allIndustries
grant_card|eligibleProjects
HUMAN RESOURCES
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Tax Creditsgrant_card_status|open
Small Business Tax Credit
Reduced tax rate for Newfoundland and Labrador small business
grant_card|eligibleFinancing
- grant_card|noCondition
grant_card|eligibleIndustries
- grant_card|allIndustries
grant_card|eligibleProjects
BUSINESS BUYOUT
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Grant and Fundinggrant_card_status|closed
Business Development Support Program
Money for business improvement in Newfoundland and Labrador
grant_card|eligibleFinancing
- grant_card|maxCount
- grant_card|projectCostPercent
grant_card|eligibleIndustries
- Manufacturing
- Wholesale trade
- Professional, scientific and technical services
- Other services (except public administration)
grant_card|eligibleProjects
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Loans and Capital investmentsgrant_card_status|open
Business Investment Program — Term Loan
Loan for business improvement in Newfoundland and Labrador
grant_card|eligibleFinancing
- grant_card|noCondition
grant_card|eligibleIndustries
- Manufacturing
grant_card|eligibleProjects
COMMERCIALIZATION
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Wage Subsidies And Internsgrant_card_status|closed
Student Summer Employment Program — High school
Get a wage subsidy to hire high school students
grant_card|eligibleFinancing
- grant_card|maxCount
grant_card|eligibleIndustries
- grant_card|allIndustries
grant_card|eligibleProjects
HUMAN RESOURCES
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Grant and Fundinggrant_card_status|open
Regional Development Fund — Regional Development Program
Funding for regional development in Newfoundland and Labrador
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- grant_card|allIndustries
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COMMERCIALIZATIONINNOVATION
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Wage Subsidies And Internsgrant_card_status|open
Apprenticeship Wage Subsidy
Wage subsidy for Newfoundland and Labrador apprentices to gain work experience
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- grant_card|allIndustries
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HUMAN RESOURCES
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Tax Creditsgrant_card_status|open
NL — Interactive Digital Media Tax Credit
Tax credit for interactive digital media production in Newfoundland and Labrador
grant_card|eligibleFinancing
- grant_card|maxCount
- grant_card|projectCostPercent
grant_card|eligibleIndustries
- Information and cultural industries
grant_card|eligibleProjects
COMMERCIALIZATIONTECHNOLOGYHUMAN RESOURCES
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Grant and Fundinggrant_card_status|open
Prospecting Assistance Grants
Money for independent mineral exploration in Newfoundland and Labrador
grant_card|eligibleFinancing
- grant_card|maxCount
grant_card|eligibleIndustries
- Mining, quarrying, and oil and gas extraction
grant_card|eligibleProjects
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Loans and Capital investmentsgrant_card_status|open
Business Investment Program — Equity Investment
Equity funding for business improvement in Newfoundland and Labrador
grant_card|eligibleFinancing
- grant_card|noCondition
grant_card|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Information and cultural industries
grant_card|eligibleProjects
COMMERCIALIZATIONTECHNOLOGYENVIRONMENT AND CLIMATEINNOVATION
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Wage Subsidies And Internsgrant_card_status|open
JobsNL Wage Subsidy
Wage subsidy to create new positions in Newfoundland and Labrador
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grant_card|eligibleIndustries
- grant_card|allIndustries
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HUMAN RESOURCES
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Loans and Capital investmentsgrant_card_status|open
Aquaculture Capital Equity Program
Newfoundland and Labrador commercial aquaculture funding
grant_card|eligibleFinancing
- grant_card|fromMinToMax
- grant_card|projectCostPercent
grant_card|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_card|eligibleProjects
COMMERCIALIZATION
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Tax Creditsgrant_card_status|open
Economic Diversification and Growth Enterprises
Incentives to grow new business in Newfoundland and Labrador
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- grant_card|minCount
- grant_card|projectCostPercent
grant_card|eligibleIndustries
- grant_card|allIndustries
grant_card|eligibleProjects
COMMERCIALIZATION
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Grant and Fundinggrant_card_status|open
Innovation and Business Development Fund
Financing for oil and gas projects in NL
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- grant_card|projectCostPercent
grant_card|eligibleIndustries
- Mining, quarrying, and oil and gas extraction
- Utilities
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COMMERCIALIZATIONTECHNOLOGYCONSTRUCTION AND RENOVATION HUMAN RESOURCESINNOVATION
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Expert Advicegrant_card_status|open
Business Retention and Expansion Program
Newfoundland and Labrador business check-up
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- grant_card|noCondition
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- grant_card|allIndustries
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COMMERCIALIZATION
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Expert AdviceOther Supportgrant_card_status|open
Tenders — Government of Newfoundland and Labrador
Opportunities to sell to the Government of Newfoundland and Labrador
grant_card|eligibleFinancing
- grant_card|noCondition
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- grant_card|allIndustries
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Tax Creditsgrant_card_status|open
Film and Video Tax Credit
Tax credit for film production in Newfoundland and Labrador
grant_card|eligibleFinancing
- grant_card|maxCount
- grant_card|projectCostPercent
grant_card|eligibleIndustries
- Arts, entertainment and recreation
grant_card|eligibleProjects
HUMAN RESOURCES
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Grant and Fundinggrant_card_status|open
Junior Exploration Assistance Program
Money for the discovery of new mineral districts in Newfoundland and Labrador
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- grant_card|maxCount
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grant_card|eligibleIndustries
- Mining, quarrying, and oil and gas extraction
grant_card|eligibleProjects
TECHNOLOGY
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Wage Subsidies And Internsgrant_card_status|closed
Student Summer Employment Program — Post‐secondary
Money to hire summer students in Newfoundland and Labrador
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HUMAN RESOURCES