BC Manufacturing Jobs Fund — Project Readiness
BC, Canada
Support for manufacturing companies in BC
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateFebruary 28, 2023
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Government of British Columbia
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get up to $50,000 to cover up to 50% of total eligible projects to complete final-stage business and project planning to help modernize and grow operations.
grant_single_labels|projects
This program is focused on manufacturing projects throughout British Columbia (B.C.), Canada. The eligible geographical areas are within the B.C. province.
- Projects must be located in British Columbia (B.C.), Canada.
grant_single|admissibleProjectsExample
$50,000
Upgrading machinery for a sustainable textile production facility
$50,000
Expanding operations to increase production of eco-friendly packaging solutions
$50,000
Retrofitting a processing facility with new forestry technology
$50,000
Building a new facility for a local food manufacturing enterprise
$50,000
Implementing new technology in the food processing plant to improve efficiency
$50,000
Diversifying product lines with recycled materials for furniture manufacturing
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and proposed manufacturing activities.
- Applicants must be businesses or for-profit organizations.
- Entities should have for-profit manufacturing operations, including First Nations and Indigenous- and First Nation-owned enterprises.
- The applicant must be registered to do business in B.C.
- Applicants must operate within the manufacturing sector, creating products using industrial or mass production processes.
- Applicants should have established operations either at the proposed project location or elsewhere.
- The applicant must have an established employee base.
- Applicants must be in a viable financial position with evidence of current or projected growth, profits, and/or ability to pay off short-term debts.
- Applicants must not be in foreclosure or for sale.
- First Nations and Indigenous-owned enterprises preparing to acquire or buy into an established manufacturing operation may also apply.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the BC Manufacturing Jobs Fund (BCMJF) include businesses, for-profit organizations, and entities that have for-profit manufacturing operations. This also encompasses First Nations and Indigenous- and First Nation-owned enterprises. To qualify, applicants must be registered to do business in B.C., operate in the manufacturing sector, have established operations and an existing employee base, and be in a viable financial position. Specifically, they must not be in foreclosure or for sale and should show current or projected growth, profits, and/or the ability to pay off short-term debts. Additionally, the projects eligible for this funding must be based in B.C., contribute to long-term regional economic growth, sustainability, or diversity, and be financially viable while leveraging market demand.
grant_eligibility_criteria|eligible_expenses
The BC Manufacturing Jobs Fund supports capital projects that foster modernization, innovation, and sustainable growth within the manufacturing sector, with a focus on forestry and the use of alternative materials. The eligible projects are aimed at enhancing operations and contributing to local economic development, particularly in regions affected by economic challenges.
- Development of a business case to expand operations or diversify product lines.
- Conducting operational or technical assessments to improve processes or introduce new technology.
- Building or expanding a manufacturing facility.
- Upgrading equipment or machinery to support new product lines.
- Adopting innovative processes to manufacture value-added forestry products from biomass or other alternatives.
- Retrofitting a processing facility to expand or adopt new technology and processes.
- Improving processes for fabrication.
grant_eligibility_criteria|zone
The grant covers expenses essential to the delivery of eligible capital projects.
- 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.
grant_single_labels|criteria
The evaluation and selection of projects for this grant are based on specific criteria to ensure alignment with the grant’s objectives, but specific point scores are not provided.
- Contribution to long-term regional economic growth, sustainability, and/or diversity.
- Creation, maintenance, or diversification of job opportunities for local workers.
- High degree of project readiness and direct benefits to communities.
- Demonstration of alignment with the program goals.
grant_single_labels|register
Here are the steps to apply for the BC Manufacturing Jobs Fund grant:
- Step 1: Review Program Guide
- Access the BC Manufacturing Jobs Fund Program Guide to understand full details on eligibility and requirements.
- Step 2: Eligibility Assessment
- Ensure that your business and project meet the eligibility criteria laid out for both applicant and project eligibility.
- Step 3: Initial Contact
- Contact the program officials via email at ManufacturingJobsFund@gov.bc.ca to discuss your potential project, especially if it is highly aligned with the program priorities.
- Step 4: Prepare Application
- Prepare a detailed project proposal that aligns with the program's goals including objectives, project description, and anticipated outcomes.
- Gather necessary documentation such as business plans, financial records, and any other supporting documents required.
- Step 5: Application Submission
- If the program intake is open, submit your application through the designated submission portal or email as instructed in the program guide.
- Step 6: Confirmation and Follow-up
- Receive confirmation of receipt of your application.
- Follow up with program officials if further information or clarification is needed.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The program aims to invest up to $180 million in manufacturing projects across B.C.
- Funds will be allocated to projects that can show significant benefits to communities, particularly regional and Indigenous communities.
- Funding is disbursed in installments, hinged on meeting specific project milestones.
- Projects are expected to start within one year after funding approval.
- Ongoing communication with the program administrator is encouraged for potential high-alignment projects.
grant_single_labels|contact
manufacturingjobsfund@gov.bc.ca
Apply to this program
Empowering BC's Manufacturing Sector for Sustainable Growth
The BC Manufacturing Jobs Fund (BCMJF) is a strategic initiative aimed at revitalizing and expanding manufacturing operations across British Columbia, with a strong focus on innovation and sustainability. By offering substantial funding for capital projects, the program seeks to support regional economic growth and job creation, particularly in areas impacted by economic challenges.
Diving Deep into the BC Manufacturing Jobs Fund: Objectives and Benefits
The BC Manufacturing Jobs Fund is a key component of British Columbia's strategy to foster a resilient and diverse economy by investing in the manufacturing sector. With up to $180 million allocated for projects that not only promise economic benefits but also align with sustainability goals, the program addresses critical areas such as innovation, job creation, and environmental responsibility.
Central to the fund's objectives is the promotion of high-value and growth-oriented manufacturing sectors. By targeting regions and communities, including Indigenous communities, the program isn't just about economic recovery—it's about laying a foundation for long-term prosperity and inclusive development. This targeted investment approach helps to diversify local economies and supports their transition towards clean and sustainable industrial practices.
The BCMJF encourages manufacturers to undertake projects that may seem financially challenging without external support. By covering a substantial portion of eligible costs, the fund makes it feasible for businesses to pursue significant upgrades or expansions, thereby enhancing their competitive edge both domestically and internationally.
A particularly noteworthy focus of the fund is the forestry sector, wherein it aims to reduce dependency on old-growth logging by supporting projects that utilize innovative biomaterials. This not only aligns with environmental and conservation goals but also opens new markets and opportunities for value-added products, thereby boosting the sector’s profitability and sustainability.
Furthermore, the fund operates through two main streams—Project Readiness and Capital Investment—each designed to support different phases of project development. Stream 1 focuses on preparing businesses for growth by financing final-stage planning and assessments, while Stream 2 provides the necessary capital for infrastructure and technological investments critical for scaling operations.
The BCMJF also prioritizes establishing strong supply chains and improving productivity. This involves leveraging collaborations and co-investments, thus attracting further capital into British Columbia's manufacturing sectors. Such synergies are essential for enhancing the region's manufacturing capacity and economic resilience.
The fund is not solely about financial support; it also offers recipients a platform to access a wider network of resources, including technical advice and collaboration opportunities. This holistic approach ensures that beneficiaries are well-equipped to navigate challenges and maximize the impact of their projects.
In conclusion, the BC Manufacturing Jobs Fund represents a transformative opportunity for manufacturing businesses in British Columbia, enabling them to not only adapt to economic shifts but also position themselves as leaders in sustainable and innovative manufacturing practices. By participating in the program, businesses can contribute to a future that promises not only economic vitality but also environmental stewardship.
