BC Manufacturing Jobs Fund (BCMJF) — Project Readiness
BC, Canada
Support for manufacturing companies in BC
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- 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|terms_and_conditions
The BC Manufacturing Jobs Fund provides tailored financial support to assist manufacturing sectors in expanding and innovating their operations. Each stream offers different funding limits and co-financing proportions for eligible projects.
- Project Readiness stream offers funding up to $50,000, covering up to 50% of total eligible project costs.
- Capital Investment stream requires a minimum project cost of $100,000, offering funding between $100,000 to $10,000,000.
- For Capital Investment, funding covers up to 20% of total eligible project costs, with projects needing to be approximately between $500,000 to $100 million.
- Funding disbursements are structured based on the completion of project milestones.
grant_single_labels|projects
The BC Manufacturing Jobs Fund provides support for final-stage business and project planning necessary for launching manufacturing projects. The eligible activities focus on advancing detailed planning and assessments required for project implementation.
- Development of a business case to expand operations or diversify product lines.
- Conducting operational or technical assessments to improve processes or introduce new technology.
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
This grant is available to manufacturing companies in British Columbia. The funding primarily supports projects that align with the economic needs of regional and Indigenous communities within B.C.
- All regions in British Columbia.
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
