How much funding can be received?

Funds up to 20% of admissible expenses.

What is the deadline to apply?

The deadline to apply is 2024-08-16T00:00:00Z.

Who are the financial supporters of the BC Manufacturing Jobs Fund (BCMJF) — Capital Investment?

BC Manufacturing Jobs Fund (BCMJF) — Capital Investment is funded by Government of British Columbia

What are BC Manufacturing Jobs Fund (BCMJF) — Capital Investment's eligibility criterias?

Eligible applicants include businesses, for-profit organizations, and entities with for-profit manufacturing operations, including Indigenous and First Nation-owned enterprises. Applicants must be registered to do business in B.C. and operate in the manufacturing sector with established operations. Applicants must demonstrate financial viability and the capacity to undertake the proposed project.

BC Manufacturing Jobs Fund (BCMJF) — Capital Investment

BC, Canada

Funding for manufacturing modernization and job creation in B.C

grant_single|update January 24, 2025

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grant_single|closingDateAugust 16, 2024

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Loans and Capital investments

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Manufacturing

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Government of British Columbia

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The BC Manufacturing Jobs Fund provides non-repayable funding contributions of up to $10 million to manufacturing companies in British Columbia to modernize and expand their operations, with a focus on economic resilience, job creation, and innovative projects, particularly in communities affected by economic downturns. Eligible activities include capital investments such as new infrastructure, technology, equipment, and the development of value-added manufacturing processes.

grant_single_labels|terms_and_conditions

The BC Manufacturing Jobs Fund offers a variety of financing modalities to support the modernization and growth of manufacturing companies in British Columbia. These modalities are designed to ensure that projects are financially viable and contribute to sustainable economic growth in the province.

Non-repayable funding contributions with defined maximum amounts: up to $50,000 for project readiness and from $100,000 to $10 million for capital investments.
Funding is offered through two streams: Project Readiness, which covers up to 50% of eligible project costs, and Capital Investment, which covers up to 20% of eligible project costs.
Projects must secure at least 25% of their funding from the applicant organization or partners, including potential sources like bank loans and private investments.
Stacking with other provincial or federal funding programs is permitted, encouraging applicants to leverage multiple funding sources.
Funding agreements are structured with payments made in stages, typically tied to project milestones.
Recipients are responsible for covering costs exceeding the agreed funding, including any cost overruns and ongoing maintenance costs beyond the project scope.

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This grant supports projects that enhance manufacturing capabilities, promote innovation, and contribute to regional economic growth in British Columbia. Eligible activities focus on infrastructure development, technological upgrades, and strategic business planning.

Development of business cases to expand operations or diversify product lines.
Operational or technical assessments to improve productivity or introduce new technology.
Refitting idle community assets such as an unused mill site for manufacturing use.
Building or expanding manufacturing facilities to increase production capabilities.
Upgrading equipment or machinery to support the introduction of new product lines.
Adopting innovative processes to manufacture value-added forestry products from biomass or other alternatives.
Retrofitting processing facilities to expand or adopt new technologies or processes.

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$ 15,000

Organizing a community winter festival with local artisans

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Eligibility for this grant is determined by specific requirements related to the applicant's business profile, operations, and financial status.

The applicant must be a business or for-profit organization.
The applicant must have manufacturing operations, which include Indigenous and First Nation-owned enterprises.
The applicant must be registered to do business in British Columbia (B.C.).
The applicant must operate within the manufacturing sector.
The applicant must have established operations with an existing or intended physical location employing workers.
The applicant must be in a demonstrated viable financial position, evidenced by business plans and financial records showing current or projected growth and the ability to pay off short-term debts.
The applicant must have the financial capacity to undertake the proposed project.
Partnerships are encouraged, especially with local municipalities or non-profit organizations, but the primary applicant must be an eligible entity.

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This fund is open to various types of organizations primarily in the manufacturing sector, including some specific eligibility criteria for businesses seeking to modernize their operations in British Columbia.

Businesses and for-profit organizations registered to operate in B.C.
Entities with for-profit manufacturing operations, including Indigenous and First Nation-owned enterprises.
Organizations with established operations in the manufacturing sector or plans to establish a new operating site with a commercial-ready product and defined operating plan, demonstrating a viable financial position.
Partnerships with local municipalities or non-profits are encouraged as long as the primary applicant is an eligible entity.

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Eligible expenses for the BC Manufacturing Jobs Fund include costs related to final-stage business and project planning, as well as essential project delivery expenditures.

Direct or contractual costs for producing business and/or operational plans.
Market assessments and financial plans.
Risk analyses, operational, and technical assessments.
Construction drawings, architectural plans, and/or engineering reports.
Capital expenditures such as equipment, machinery, technology, and construction materials.
Wage or contract costs for net new project-specific labour.
Professional, contractor, and subcontractor fees.
Freight or material transportation costs.
Installation and implementation costs.
Other time-limited costs directly related to project implementation.

grant_eligibility_criteria|zone

This grant is available for projects that are located in British Columbia (B.C.). The initiative aims to bolster economic growth in various communities within the region.

Projects located anywhere in British Columbia (B.C.).
Particularly in rural, remote, or forestry-dependent communities in B.C.

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The evaluation and selection of projects for the BC Manufacturing Jobs Fund focus on aligning with program objectives and maximizing impact in key areas identified by the grant.

Projects within the forestry sector.
Projects located in rural, remote, or forestry-dependent communities.
Projects that have a high degree of readiness in terms of secured funding and ability to commence.
Projects that are Indigenous-led or benefit Indigenous Peoples.

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Here are additional relevant details for this grant:

Grants are non-repayable and can be combined with other provincial or federal funding programs.
Applicant contribution should include at least 25% from their own sources or partners, including bank loans and private investment.
Projects are prioritized if they are within the forestry sector, located in rural or remote areas, or Indigenous-led.
Funding decisions involve an internal review panel with cross-government representatives, considering project readiness and impact.
Funding agreements will be detailed with terms for payment stages and reporting requirements, including progress reports and a final report.
Applicants will have a dedicated program contact assigned to their file for guidance throughout the process.
The program aims to contribute to sustainable growth, leveraging other funding sources, and supporting manufacturing sectors both regionally and inclusively.