How much funding can be received?

Funds up to 75% of admissible expenses, capped at $5000 per project.

What is the deadline to apply?

The deadline to apply is 2024-05-17T00:00:00Z.

Who are the financial supporters of the Consulting Advisory Services?

Consulting Advisory Services is funded by Metro Business Opportunities

What are Consulting Advisory Services's eligibility criterias?

Available to small businesses and non-profit organizations in St. John's and Mount Pearl.

Consulting Advisory Services

Last Update: January 24, 2025

NL, Canada

Funds for business advisory services in Newfoundland and Labrador

Consulting Advisory Services at a glance

Eligible Funding

Max. $5,000
Up to 75% of project cost

Timeline

Closing date : May 17, 2024

Financing Type

Expert Advice

Eligible Industries

All industries

Grant Providers

Metro Business Opportunities

Status

Open

Overview of the Consulting Advisory Services program

Get up to 75% of professional fees and costs reimbursed (maximum $5,000) for SMEs and non-profits.

Financing terms and conditions

This grant provides substantial support for small businesses and non-profits needing professional consulting services. It ensures that the costs associated with hiring a consultant are affordable and geared towards enhancing growth and competitiveness.

Coverage of up to 75% of professional consulting fees and costs.
Maximum financial assistance of $5000 available per application.

Eligible projects & activities

The Consulting Advisory Services grant supports small businesses and non-profit organizations in accessing professional consulting services. Eligible activities focus on diagnostic, management, trade, competitiveness, and financial assessments to enhance business growth and performance.

Diagnostic Assessment: Evaluating specific or overall business operations to identify key issues and future prospects.
Business Management Skills Development: Analyzing management practices and skills to identify performance enhancement opportunities.
Trade Assessment: Evaluating areas related to trade, including export readiness and market strategies.
Competitiveness Assessment: Analyzing capabilities to improve competitiveness through skills training and innovation.
Access to Capital: Identifying optimal sources for accessing capital and overcoming related challenges.

Examples of admissible projects:

$ 3,750

Conduct a trade assessment to explore new international markets for our products

$ 3,750

Implement a diagnostic assessment to improve overall business operations

$ 3,750

Enhance competitiveness through innovation strategy development and technology acquisition

$ 3,750

Analyze and develop a plan for accessing capital to expand our business

$ 3,750

Develop business management skills to enhance management practices in our cooperative

$ 3,750

Conduct a Competitiveness Assessment to improve production and innovation

Eligibility criteria of the Consulting Advisory Services program

Eligibility for the Consultant Advisory Services grant is determined based on specific criteria related to the applicant's business type and location.

The applicant must be a small business or non-profit organization.
The business or organization must be located in St. John's or Mount Pearl.

Who is eligible?

Small businesses and non-profit organizations located in St. John's and Mount Pearl can apply for the Consultant Advisory Services grant. This grant provides financial assistance of up to 75% of professional fees and costs, with a maximum of $5,000 available.

Eligible expenses

The eligible activities for the Consultant Advisory Services grant include diagnostic assessments and skill development evaluations addressing specific business needs. These activities are designed to help businesses and not-for-profits in St. John's and Mount Pearl overcome operational challenges and explore new opportunities.

Diagnostic Assessment: Analysis of specific areas within the client's operation, with recommendations for growth.
Business Management Skills Development: Evaluation of management practices to enhance performance.
Trade Assessment: Analysis of marketing and distribution strategies with a focus on expanding trade.
Competitiveness Assessment: Improvement of business competitiveness through skills training and innovation.
Access to Capital: Recommendations for accessing financial resources and addressing capital challenges.

Eligible geographic areas

This grant is available to small businesses and non-profit organizations located in specific geographical areas. The focus is on regions where businesses can benefit significantly from enhanced consulting capabilities.

Small businesses and non-profit organizations in St. John's.
Small businesses and non-profit organizations in Mount Pearl.

Eligibility criteria of the Consulting Advisory Services program

There are evaluation and selection criteria for this grant. The evaluation process involves a set of criteria that the consultant proposal must meet to be considered for approval.

The client must initiate the request for Consultant Advisory Services.
The consultant's proposal should be developed with direct input from the client.
The scope of work must stay within the program's budget of $6667, with a maximum of $5000 (75%) covered.
The proposal should focus on a specific challenge, deficiency, or opportunity for the client.
The outcome should be an action plan for the client to follow.

How to apply to the Consulting Advisory Services program

Initial Consultation

Contact Metro Business Opportunities (MBO) to discuss your eligibility and ineligible activities for the Consultant Advisory Services program.
Obtain the program application from MBO staff or download it online.

Identify Needs and Select Consultant

Clearly define the specific challenge, deficiency, or opportunity your organization aims to address with the consultancy.
Select a suitable consultant to prepare a proposal tailored to your identified needs.

Develop Consultant Proposal

Work collaboratively with your chosen consultant to create a detailed proposal that outlines the scope of work and budget (within the program’s budget of $6667, of which $5000 can be covered).
Ensure the proposal aligns with program requirements and focuses on practical deliverables and an action plan for growth.

Submit Application

Compile the consultant’s proposal and complete the program application form.
Submit the completed application and consultant proposal to an MBO Client Services Officer for assessment.

Await Approval

Wait for the assessment of your submission by MBO. If approved, a contract will be issued to the consultant.
The consultant must sign and return the contract to MBO within 10 business days to proceed.

Completion and Reimbursement

Upon completion of the consultancy work, submit the consultant's final report, invoice, and your client evaluation form to MBO.
MBO will process the reimbursement to cover 75% of the consultant’s fee, up to a maximum of $5000.

Additional information

Here are additional relevant details for this grant:

Taxes such as HST are not reimbursable through the program.
The consultant is allowed a quick turnaround time which facilitates addressing urgent business challenges.
The application process benefits from an initial consultation with Metro Business Opportunities staff to clarify eligibility and application steps.
Clients must ensure proposals are specifically aligned with their distinct business challenges or opportunities for the application to be considered valid.
There is a quick turnaround time for the application processing, helping businesses and nonprofits address challenges swiftly.