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

Last Update: March 26, 2025

NL, Canada

Newfoundland and Labrador business check-up

Business Retention and Expansion Program at a glance

Eligible Funding

No Condition

Timeline

Continuous Intakes

Financing Type

Expert Advice

Eligible Industries

All industries

Grant Providers

Government of Newfoundland and Labrador

Status

Open

Overview of the Business Retention and Expansion Program program

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

Eligible projects & activities

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.

Examples of admissible projects:

$ 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

Eligibility criteria of the Business Retention and Expansion Program program

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.

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 to the Business Retention and Expansion Program program

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.

Action planning

Develop a detailed action plan based on the initial needs assessment.
Set clear and achievable goals for each identified area.

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.

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.

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.

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.

Follow-up after submission