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Business Scale-up and Productivity (BSP) in British Columbia
Support for high-growth B.C. business expansion
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Funding available
$ 200,000 - $ 5,000,000
Location
British Columbia, Canada
Overview
The Business Scale-up and Productivity (BSP) program in British Columbia offers interest-free repayable contributions of $200,000 to $5 million to incorporated high-growth businesses to scale and develop innovative goods, services or technologies. Eligible projects include business scale-up, productivity improvement, and technology commercialization activities.
Receipt of requests is now closed
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At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Develop strategic partnerships
- Increase production or service capacity
Eligible Funding
- Maximum amount : 5,000,000 $
- Minimum amount : 200,000 $
- Up to 50% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- British Columbia
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
Availability timeline
2026
Periods: 1
Activities funded
- Business scale-up
- Productivity improvement
- Technology commercialization
- Market diversification
Documents Needed
- A completed application submitted in the portal
- A completed BSP Use of Canadian Materials and Content Form and BSP Project Cost Detailing Sheet
- A completed BSP Technology Questionnaire for technology commercialization projects
- A business plan, financial statements for at least 2 complete years, and forecasted income statements and cash flow for the project duration
- Written confirmation of funding from all sources, with non-government funding representing at least 50% of project costs
Sources and recorded changes
- Source change captured
- Change recorded
- Record updated
A captured source change or record update does not confirm eligibility. Check the funder’s current rules before applying.
BSP availability update
The BSP After you apply page now says the program is not currently accepting applications, replacing the prior intake window of April 27 at 12:00 pm to May 27, 2026 at 12:00 pm.
The Business Scale-up and Productivity in British Columbia After you apply page now says the program is not currently accepting applications. It previously showed an intake window of April 27 at 12:00 pm to May 27, 2026 at 12:00 pm, so the program timing shown to applicants has shifted materially. The funding landing page also now features a different program card at the top and shows Business Scale-up and Productivity lower on the page as currently closed, with the target audience on the featured card changing to governments, Indigenous communities, and not-for-profits. The Contact us page and applicant-guide content still point to the same BSP program structure, funding range of $200,000 to $5M per project, and incorporated high-growth businesses as the core applicant profile.
Program guide
Application form
Eligibility
Who is eligible?
- Incorporated high-growth businesses
- For-profit companies incorporated to conduct business in Canada
- Businesses that are scaling and producing innovative goods, services or technologies
- Businesses that have been operating in Canada for at least 2 years
- Businesses with staffed operating facilities in British Columbia
Eligible expenses
- Equipment, machinery, and other capital costs
- Wages and benefits
- Marketing and professional services
- Intellectual property costs
- Technology development and demonstrations
Ineligible Costs and Activities
- Basic and applied R&D (Technology Readiness Level 1-6)
- Land and buildings
- Salary bonuses, dividends, entertainment expenses, membership fees, and donations
- Refinancing of existing debts and amortization or depreciation of assets
- Provisions for contingencies, commissions paid to consultants to secure funding, and lobbying activities
Selection criteria
- Preference may be given to small and medium-sized enterprises (SMEs) with less than 500 full-time employees (FTEs).
- Alignment with BSP program objectives and at least one priority area.
- Clear and lasting economic benefits for British Columbians and Canadians, including significant economic outcomes.
- Clear market demand, defined market size, business potential, and a comprehensive and well-written business plan.
- Strong governance, management capability, financial management, financial capacity, share of private investment relative to government assistance, and project-specific factors such as Use of Canadian Material and Content, technology readiness level, a well-defined IP strategy, or productivity or efficiency savings.
How to apply
- Review the eligibility requirements.
- Review the Applicant guide and Technical guide.
- Complete the BSP Use of Canadian Materials and Content Form, BSP Project Cost Detailing Sheet, and BSP Technology Questionnaire if applicable.
- Submit an application through the online application portal and select BC (PacifiCan) – Business Scale-Up and Productivity (BSP).
Processing and Agreement
- Applications go through a detailed due diligence and decision-making process, and PacifiCan anticipates funding decisions within approximately 90 business days of receiving a complete funding application.
- As part of the detailed assessment, PacifiCan will require disclosure of pre-existing disbursements to third parties or senior executives and will conduct a credit check.
- For projects developing or commercializing new technology, a technical assessment may be done by the National Research Council's Industrial Research Assistance Program (NRC-IRAP); for clean technology and resource projects, the Industrial Research Assistance Program may be consulted.
- Successful recipients are reimbursed based on claims submitted; claims for incurred costs can be submitted quarterly and are processed within 15 business days of PacifiCan receiving a complete claim.
- Recipients must submit regular progress reports and financial statements throughout the project and until the end of the repayment period, and projects involving physical works may be subject to the Impact Assessment Act (2019).
Additional information
- The program is highly competitive and not all applicants will receive funding.
- PacifiCan may consider applications submitted under this program for suitability and potential funding under other PacifiCan programs, subject to eligibility requirements and available funding.
- Applicant information may be shared with other federal departments and agencies, provincial or territorial governments, and municipal governments to review projects and determine eligibility for other Government of Canada programs.
- Applicants are advised to consult a financial advisor about the tax and other implications of BSP funding.
Contacts
Frequently Asked Questions about the Business Scale-up and Productivity (BSP) in British Columbia Program
What is the Business Scale-up and Productivity (BSP) in British Columbia?
The Business Scale-up and Productivity (BSP) program in British Columbia offers interest-free repayable contributions of $200,000 to $5 million to incorporated high-growth businesses to scale and develop innovative goods, services or technologies. Eligible projects include business scale-up, productivity improvement, and technology commercialization activities.
How much funding can be received?
Business Scale-up and Productivity (BSP) in British Columbia Funds up to 50% of admissible expenses, capped at $5,000,000 per project.
Who is eligible for the Business Scale-up and Productivity (BSP) in British Columbia program?
To be eligible for the Business Scale-up and Productivity (BSP) in British Columbia program, you must:
Incorporated high-growth business in Canada scaling and producing innovative goods, services or technologies
Operating in Canada for at least 2 years with staffed facilities in British Columbia
At least 50% of project funding secured from non-government sources
What expenses are eligible under Business Scale-up and Productivity (BSP) in British Columbia?
Equipment, machinery, and other capital costs
Wages and benefits
Marketing and professional services
Intellectual property costs
Technology development and demonstrations
Who can I contact for more information about the Business Scale-up and Productivity (BSP) in British Columbia?
You can contact Pacific Economic Development Canada (PacifiCan) by email at info@pacifican.gc.ca or by phone at 1-888-338-9378.
Where is the Business Scale-up and Productivity (BSP) in British Columbia available?
The Business Scale-up and Productivity (BSP) in British Columbia program is available the province of British Columbia.
Is the Business Scale-up and Productivity (BSP) in British Columbia a grant, loan, or tax credit?
Business Scale-up and Productivity (BSP) in British Columbia is a Loans and Capital investments