Business Retention and Expansion Program - NL - Canada

Business Retention and Expansion Program

NL, Canada
Newfoundland and Labrador business check-up

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.

Apply to this program

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