Business Retention and Expansion Program
NL, Canada
Newfoundland and Labrador business check-up
grant_single|update March 26, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of Newfoundland and Labrador
grant_single|status
grant_card_status|open
grant_single_labels|preview
An assessment of your marketing, sales, operations, finances, accounting, human resources, management and goals – then an action plan.
grant_single_labels|projects
The Business Retention and Expansion Program focuses on strengthening local businesses by providing comprehensive assessments and strategic planning support. Eligible activities are those that identify growth opportunities and formulate actionable plans across key areas of business operation.
- Comprehensive assessment of current business operations including marketing, sales, and operations.
- Financial and accounting analysis to identify strengths, weaknesses, and opportunities for optimization.
- Human resources evaluation focusing on improving workforce management and development.
- Strategic management review aimed at aligning business goals with market opportunities.
- Development of an actionable business plan to guide future growth and sustainability efforts.
grant_single|admissibleProjectsExample
$ 24,000
Sales performance evaluation and training for a local retail cooperative
$ 28,000
Financial health check and forecasting for a non-profit art gallery
$ 32,000
Goal setting and strategic planning for a community social enterprise
$ 40,000
Development of a comprehensive marketing strategy for a local coffee shop
$ 36,000
Operational efficiency review for a small manufacturing enterprise
$ 48,000
Human resources management and development for a textile company
grant_single_labels|admissibility
Eligibility for the Newfoundland and Labrador business check-up grant is determined by criteria related to the type of business and its operations.
- The business must be legally registered and operating in Newfoundland and Labrador.
- The company should be engaged in commercial activities that contribute to the economic development of the region.
- The business must have an established operational history, typically for a minimum period as required by the grant guidelines.
- Eligible applicants may need to demonstrate a commitment to implementing the action plan resulting from the assessment.
grant_eligibility_criteria|who_can_apply
To apply for the Newfoundland and Labrador business check-up grant, eligible applicants include small to medium-sized enterprises (SMEs) based in Newfoundland and Labrador that require an assessment of their business processes and planning capabilities.
grant_single_labels|register
- Step 1: Identification of needs
- Evaluate the different aspects of your business: marketing, sales, operations, finance, accounting, human resources, management, and objectives.
- Identify the areas requiring improvement or assistance.
- Step 2: Action planning
- Develop a detailed action plan based on the initial needs assessment.
- Set clear and achievable goals for each identified area.
- Step 3: Program research
- Research the available grant programs in Newfoundland and Labrador supporting business assessment and improvement.
- Confirm your business's eligibility for the targeted grant.
- Step 4: Document collection
- Assemble the required documents such as financial statements, management proof, and other relevant supporting documents.
- Ensure that all documents are up-to-date and accurate.
- Step 5: Writing the application
- Write a clear and convincing application highlighting your identified needs and detailed action plan.
- Submit all additional documents in an organized manner.
- Step 6: Application submission
- Submit your application via the required method, whether online or by mail, following the instructions provided by the grant program.
- Verify the receipt of the application by the relevant organization.
- Step 7: Follow-up after submission
- Contact the organization to confirm the receipt of your application.
- Keep track of all communications and responses regarding your application.
