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

grant_single|update January 24, 2025

NL, Canada

Funds for business advisory services in Newfoundland and Labrador

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grant_single|closingDate May 17, 2024

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Expert Advice

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Metro Business Opportunities

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

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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.

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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.

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$ 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

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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.

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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.

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Based on the grant context provided, there are no specific types of companies mentioned that are not eligible for this grant.

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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.

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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.

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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.

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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.