Platform
Consulting
Resources
Pricing
CBDC Business Valuation and Succession Planning - Nova Scotia - Canada
Open

CBDC Business Valuation and Succession Planning

Funding to conduct business valuations
Community Business Development Corporations (CBDC)
Last Update: March 3, 2026
Funding available
$ 7,500
Timeline
  • Open Date : June 15, 2022
Location
Nova Scotia, Canada

Overview

Get up to $7,500 to cover a maximum of 75% of the eligible expenses to hire a professional valuator that will provide an estimate of your business value and enable you to set a sale price.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Improve governance or administrative structure
  • Complete an acquisition or business transfer
  • Access new markets
Eligible Funding
  • Maximum amount : 7,500 $
  • Up to 75% of project cost
Timeline
  • Open Date : June 15, 2022

Eligible candidates

Eligible Industries
  • All industries
Location
  • Nova Scotia
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

Eligible projects for this grant involve initiatives focused on estimating the economic value of a business and facilitating the transition of business ownership. These efforts aim to support smooth succession planning and the showcasing of business opportunities to prospective buyers.

  • Conducting business valuations to estimate the economic value of an owner's interest in a business.
  • Preparing businesses for ownership transition through professional succession planning.
  • Showcasing business opportunities in provincial, national, and potentially international markets to attract potential buyers.

Eligibility

Who is eligible?

Small businesses operating in a CBDC governed region, that are actively preparing to transfer ownership of the business.Businesses in good standing with CRA, ACOA, and Government of NL.

Eligible expenses

This grant supports businesses in rural communities by providing financial assistance for business valuations and promoting succession planning. The eligible projects focus on assessing the economic value of businesses and showcasing opportunities to potential markets.

  • Conducting business valuations with the assistance of professional valuators.
  • Showcasing business opportunities in provincial, national, and international markets.

Eligible geographic areas

This grant is accessible to small businesses situated in areas governed by the Community Business Development Corporations (CBDCs) in Newfoundland and Labrador. It specifically focuses on rural communities that are actively engaged in business transitions.

  • Small businesses in Newfoundland and Labrador covered by CBDC services.
  • Enterprises actively participating in succession planning.
  • Regions identified for community development through business transitions.

Additional information

Here are additional relevant details for this grant:

  • CBDC personnel offer support and guidance to help business owners navigate the program.
  • The program is part of a pilot initiative, indicating it may be subject to changes or updates based on its outcomes and assessments.

Documents and links

CBDC Business Valuation and Succession Planning

Frequently Asked Questions about the CBDC Business Valuation and Succession Planning Program

Here are answers to the most common questions about the CBDC Business Valuation and Succession Planning. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the CBDC Business Valuation and Succession Planning?

Get up to $7,500 to cover a maximum of 75% of the eligible expenses to hire a professional valuator that will provide an estimate of your business value and enable you to set a sale price.

How much funding can be received?

CBDC Business Valuation and Succession Planning Funds up to 75% of admissible expenses, capped at $7,500 per project.

Who is eligible for the CBDC Business Valuation and Succession Planning program?

To be eligible for the CBDC Business Valuation and Succession Planning program, you must: Small businesses operating in a CBDC-governed region, actively preparing to transfer ownership. Businesses must be in good standing with CRA, ACOA, and the Government of NL.

What expenses are eligible under CBDC Business Valuation and Succession Planning?

Eligible projects for this grant involve initiatives focused on estimating the economic value of a business and facilitating the transition of business ownership. These efforts aim to support smooth succession planning and the showcasing of business opportunities to prospective buyers. Conducting business valuations to estimate the economic value of an owner's interest in a business. Preparing businesses for ownership transition through professional succession planning. Showcasing business opportunities in provincial, national, and potentially international markets to attract potential buyers.

Who can I contact for more information about the CBDC Business Valuation and Succession Planning?

You can contact Community Business Development Corporations (CBDC).

Where is the CBDC Business Valuation and Succession Planning available?

The CBDC Business Valuation and Succession Planning program is available the province of Nova Scotia.

Is the CBDC Business Valuation and Succession Planning a grant, loan, or tax credit?

CBDC Business Valuation and Succession Planning is a Grant and Funding

More programs like this