How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Business Retention and Expansion Program?

Business Retention and Expansion Program is funded by Government of Newfoundland and Labrador

What are Business Retention and Expansion Program's eligibility criterias?

The program is designed for businesses operating in Newfoundland and Labrador. The applicant must be prepared for a comprehensive assessment covering various business aspects.

Business Retention and Expansion Program

NL, Canada

Newfoundland and Labrador business check-up

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Expert Advice

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Government of Newfoundland and Labrador

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An assessment of your marketing, sales, operations, finances, accounting, human resources, management and goals – then an action plan.

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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.

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$ 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

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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.

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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.