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BC Manufacturing Jobs Fund (BCMJF)
BC, Canada
Supporting manufacturing growth and innovation across British Columbia
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
grant_single|grantors
- Government of British Columbia
grant_single|status
grant_card_status|closed
grant_single_labels|preview
The BC Manufacturing Jobs Fund provides non-repayable funding up to $10 million to support modernization and growth in manufacturing sectors, focusing on economic resilience and sustainability. Eligible activities include infrastructure investments, technology upgrades, and the development of innovative processes.
grant_single_labels|terms_and_conditions
- Non-repayable contributions are available through two streams: Project Readiness and Capital Investment.
- Stream 1 - Project Readiness offers up to 50% of total project costs to a maximum of $50,000.
- Stream 2 - Capital Investment provides contributions ranging between $100,000 and $10 million, covering up to 20% of eligible total project costs.
- Funding is disbursed in installments based on milestones achieved, as outlined in the contribution agreement.
- Organizations must contribute at least 25% of total project costs from loans, private investment, or cash reserves.
- Funding does not cover previous project phases and expenses.
- Tax implications of program funding should be discussed with a tax professional, as the program does not issue tax slips.
- Costs not directly related to the project, ineligible for rebate, or considered operating costs, among others, are excluded from funding.
- Funding is contingent upon project duration with eligible phases completed by March 2026.
- Recipients are required to provide both milestone and final reports, and funding is subject to potential audits.
grant_single_labels|projects
- Manufacture of value-added forestry products from biomass or other alternatives.
- Building or expanding a manufacturing facility.
- Refitting idle community assets like unused mill sites for new or updated manufacturing purposes.
- Upgrading equipment or machinery to support new product lines.
- Adopting innovative processes to enhance manufacturing capabilities.
- Retrofitting a processing facility to incorporate new technology and processes.
- Completing a business case to expand operations or diversify product lines.
- Conducting operational or technical assessments to boost productivity or introduce new technology.
grant_single|admissibleProjectsExample
$ 12,000
Launching an organic urban farming initiative
$ 16,000
Creating a digital archive of local historical records
$ 17,000
Launching a mental health support app
$ 18,000
Developing an educational program for youth empowerment
$ 30,000
Establishing a tech incubator for startup support
$ 40,000
Implementing renewable energy solutions in remote areas
grant_single_labels|admissibility
- The applicant must be a business or for-profit organization.
- Entities with for-profit manufacturing operations, including First Nations and Indigenous- and First Nation-owned enterprises, are eligible.
- The applicant must be registered to do business in B.C.
- Must operate in the manufacturing sector, creating products using industrial or mass production processes.
- Need to have established operations, either at the proposed project location or elsewhere.
- The organization must have an established employee base.
- The applicant must be in a viable financial position, for example, not in foreclosure or for sale.
- A business plan and financial records must show current or projected growth, profits, and/or ability to pay off short-term debts.
grant_eligibility_criteria|who_can_apply
- Businesses and for-profit organizations
- Entities with for-profit manufacturing operations
- Indigenous and First Nation-owned enterprises
- Forestry sector companies
- Aerospace sector companies
- Agritech sector companies
- Food and beverage processing companies
- Metals and machinery sector companies
- Biomanufacturing sector companies
- Industrial Marine/Shipbuilding sector companies
grant_eligibility_criteria|who_cannot_apply
- Not-for-profit organizations.
- Industry associations.
- Post-secondary institutions.
- Crown corporations.
- Local government and municipalities (unless in partnership with an eligible applicant).
grant_eligibility_criteria|eligible_expenses
- Capital expenditures including equipment, machinery, technology, and construction materials.
- Wage or contract costs for net new and project-specific labour.
- Material transportation costs.
- Installation and implementation costs.
- Professional, contractor, and subcontractor fees.
- Freight or material transportation costs.
- Other time-limited costs directly related to project implementation.
grant_eligibility_criteria|zone
- Companies operating within British Columbia (B.C.)
grant_single_labels|criteria
- Projects within the forestry sector will be prioritized.
- Projects located in rural, remote, or forestry-dependent communities are given preference.
- Projects that demonstrate a high degree of readiness, need, and direct impact are favored.
- Indigenous-led projects or those benefitting Indigenous Peoples are prioritized.
grant_single_labels|register
- Step 1: Project Proposal Submission
- Visit the BCMJF webpage to access the online proposal form.
- Log in using your Business BCeID credentials.
- Complete the proposal form with high-level information about your business and proposed project.
- Submit the proposal by the deadline of August 15, 2024.
- Step 2: Detailed Application Submission
- If your proposal is selected, you will be invited to submit a detailed application.
- Provide comprehensive information about the business, including previous financial statements, market assessments, and detailed project plans.
- Submit supplementary documents like endorsements or letters of support, if available.
- Ensure detailed application submission by the deadline of November 15, 2024.
- Step 3: Funding Decision Process
- Wait for the funding decision to be communicated by late 2024 or early 2025, depending on when the application was submitted.
- Step 4: Finalization of Funding Agreement
- If approved, finalize a Contribution Agreement outlining the terms and conditions of funding, including reporting and milestone requirements.
grant_single_labels|otherInfo
- Projects within the forestry sector, as well as those located in rural, remote, or forestry-dependent communities, will be given priority.
- Indigenous-led projects or those benefiting Indigenous Peoples are highly encouraged and prioritized.
- The funding is structured as non-repayable contributions, disbursed based on project milestones.
- Businesses are encouraged to secure additional funding from other sources to demonstrate the project's viability.
- Reports on progress, financials, and project outcomes are required throughout and after project completion.
- A follow-up survey focusing on measurable outcomes is required up to two years post-project completion.
- Successful applications are subject to audit at any time to ensure compliance with funding terms.
grant_single_labels|contact
ManufacturingJobsFund@gov.bc.ca
