Open
Business Retention and Expansion Program
Newfoundland and Labrador business check-up
Last Update: March 3, 2026
Funding available
Varies by project
Timeline
- Open continuously
Location
Newfoundland and Labrador, Canada
Overview
An assessment of your marketing, sales, operations, finances, accounting, human resources, management and goals – then an action plan.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Improve governance or administrative structure
- Attract or retain talent
- Optimize production processes
Eligible Funding
- Varies by project
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Newfoundland and Labrador
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
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.
Official resources
Eligibility
Who is eligible?
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.
How to apply
- 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.
Frequently Asked Questions about the Business Retention and Expansion Program Program
What is the Business Retention and Expansion Program?
An assessment of your marketing, sales, operations, finances, accounting, human resources, management and goals – then an action plan.
Who is eligible for the Business Retention and Expansion Program program?
To be eligible for the Business Retention and Expansion Program program, you must:
The program is designed for businesses operating in Newfoundland and Labrador.
The applicant must be prepared for a comprehensive assessment covering various business aspects.
What expenses are eligible under Business Retention and Expansion Program?
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.
Who can I contact for more information about the Business Retention and Expansion Program?
You can contact Government of Newfoundland and Labrador (CBDC).
Where is the Business Retention and Expansion Program available?
The Business Retention and Expansion Program program is available the province of Newfoundland and Labrador.
Is the Business Retention and Expansion Program a grant, loan, or tax credit?
Business Retention and Expansion Program is a Expert Advice
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 (CBDC)