Open
Newfoundland and Labrador — Business Growth Program
Supports Newfoundland and Labrador businesses to innovate and expand markets
Last Update: April 10, 2026
Funding available
$ 750,000
Timeline
- Open continuously
Location
Newfoundland and Labrador, Canada
Overview
The Newfoundland and Labrador Business Growth Program offers non-repayable contributions of up to $200,000 over 24 months (with certain development and commercialization projects eligible for up to $750,000) to support businesses in starting, innovating, scaling, and increasing sales locally, nationally, or internationally. Eligible activities include development and commercialization, productivity improvement and innovation, knowledge and technical assistance, and growth and internationalization initiatives.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Develop strategic partnerships
- Develop a new product or service
Eligible Funding
- Maximum amount : 750,000 $
- Up to 50% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration
Location
- Newfoundland and Labrador
Legal structures
- Financial cooperative
- Non-profit
- Public or Parapublic institution
- For-profit business
- Sole proprietorship
- Non-financial cooperative
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
- Startups
Non-profit candidates
Sector of operation
- Research
- Economic, Social and Community Development
- Employment and Training
- International Activities
- Business Associations
Target groups
- Business owners / entrepreneurs
Revenue structures
- Mixed revenue (50%+ earned)
- Fee-for-service model
Scope
- Provincial
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Development and commercialization of new products or services.
- Implementation of productivity improvements and innovative business practices.
- Acquisition of knowledge and technical assistance to address business challenges or gaps.
- Expansion activities supporting growth and entry into new domestic or international markets.
Eligibility
Who is eligible?
- Growth-focused, innovative firms operating within Newfoundland and Labrador
- Sole proprietorships, partnerships, or corporations demonstrating commercial viability
- Co-operatives in Newfoundland and Labrador able to generate commercial revenue or pursuing trade/economic opportunities
- Non-profit organizations in Newfoundland and Labrador able to generate commercial revenue or pursuing trade/economic opportunities
- Sector organizations participating in Department-led projects representing businesses
Who is not eligible
- Residential and commercial real estate services businesses.
- Wholesale companies.
- Beverage rooms and taverns.
- Professional service operations (with rare exceptions for unique cases).
- Cannabis producers, except for export market development projects (start-up and expansion projects are ineligible).
Eligible expenses
- Professional fees, including consultants and contractors essential to the project.
- Marketing expenses related to project activities and market development.
- Travel costs directly associated with market development, supported by a strategic plan with specific objectives.
- Technology investments or enhancements, including digitalization and adoption of digital technologies linked to productivity improvement and innovation.
- Expenses for knowledge and technical assistance addressing identified knowledge gaps that limit business productivity or competitiveness.
- Costs related to intellectual property protection, such as professional services for IP planning and relevant fees.
Eligible geographic areas
- Businesses operating within Newfoundland and Labrador.
Additional information
- Applicants are required to be in good standing with the Government of Newfoundland and Labrador and the Canada Revenue Agency.
- Applicants must demonstrate the ability to access necessary financial capital for project completion.
- Additional information or clarification may be requested during the assessment process.
- Key collaborators, consultants, or contractors involved in the project should be identified and their roles explained in the proposal.
Contacts
Frequently Asked Questions about the Newfoundland and Labrador — Business Growth Program Program
Here are answers to the most common questions about the Newfoundland and Labrador — Business Growth Program. 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 Newfoundland and Labrador — Business Growth Program?
The Newfoundland and Labrador Business Growth Program offers non-repayable contributions of up to $200,000 over 24 months (with certain development and commercialization projects eligible for up to $750,000) to support businesses in starting, innovating, scaling, and increasing sales locally, nationally, or internationally. Eligible activities include development and commercialization, productivity improvement and innovation, knowledge and technical assistance, and growth and internationalization initiatives.
How much funding can be received?
Newfoundland and Labrador — Business Growth Program Funds up to 50% of admissible expenses, capped at $750,000 per project.
Who is eligible for the Newfoundland and Labrador — Business Growth Program program?
To be eligible for the Newfoundland and Labrador — Business Growth Program program, you must:
Growth-focused, innovative business operating in Newfoundland and Labrador
Sole proprietors, partnerships, or corporations demonstrating commercial viability
In good standing with government and Canada Revenue Agency
What expenses are eligible under Newfoundland and Labrador — Business Growth Program?
Development and commercialization of new products or services.
Implementation of productivity improvements and innovative business practices.
Acquisition of knowledge and technical assistance to address business challenges or gaps.
Expansion activities supporting growth and entry into new domestic or international markets.
Who can I contact for more information about the Newfoundland and Labrador — Business Growth Program?
You can contact Government of Newfoundland and Labrador by email at IET@gov.nl.ca or by phone at 709.896.2400.
Where is the Newfoundland and Labrador — Business Growth Program available?
The Newfoundland and Labrador — Business Growth Program program is available the province of Newfoundland and Labrador.
Is the Newfoundland and Labrador — Business Growth Program a grant, loan, or tax credit?
Newfoundland and Labrador — Business Growth Program is a Grant and Funding