PacifiCan — Jobs and Growth Fund — For profit

Q: How much funding can be received?

PacifiCan — Jobs and Growth Fund — For profit Funds up to 70% of admissible expenses.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the PacifiCan — Jobs and Growth Fund — For profit a grant, loan, or tax credit?

PacifiCan — Jobs and Growth Fund — For profit is a Grant and Funding

Q: Who are the financial supporters of the PacifiCan — Jobs and Growth Fund — For profit?

PacifiCan — Jobs and Growth Fund — For profit is funded by Pacific Economic Development Canada (PacifiCan), Government of Canada

Q: Who is eligible for the PacifiCan — Jobs and Growth Fund — For profit program?

To be eligible for the PacifiCan — Jobs and Growth Fund — For profit program, you must: • The applicant must be a business, as sole proprietors are not eligible. • Businesses must seek funding to create jobs and foster economic growth in British Columbia. • Organizations proposing commercial projects will be treated as businesses for program purposes.

Q: Who can I contact for more information about the PacifiCan — Jobs and Growth Fund — For profit?

You can contact Pacific Economic Development Canada (PacifiCan).

Q: Where is the PacifiCan — Jobs and Growth Fund — For profit available?

The PacifiCan — Jobs and Growth Fund — For profit program is available the province of BC.

Q: Are women eligible for the PacifiCan — Jobs and Growth Fund — For profit program?

Yes, women are eligible to apply for the PacifiCan — Jobs and Growth Fund — For profit program.

Q: Are youth (under 40) eligible for the PacifiCan — Jobs and Growth Fund — For profit program?

Yes, youth under 40 are eligible to apply for the PacifiCan — Jobs and Growth Fund — For profit program.

Last Update: July 22, 2025

BC, Canada

Money to future-proof your business in British Columbia

At a glance

Eligible Funding

Up to 70% of project cost

Timeline

Unspecified

Financing Type

Grant and Funding

Eligible Industries

Agriculture, forestry, fishing and hunting
Manufacturing
Information and cultural industries
Health care and social assistance
Other services (except public administration)

Funds Providers

Unspecified

Program status

Open

Overview

If you are working on a project for your business to transition to a green economy, foster an inclusive recovery, become more competitive and create jobs for Canadians, you could get an interest-free, repayable contribution for up to 50% of the project’s

Financing terms and conditions

This grant offers clear and structured funding modalities designed to support projects with significant economic impact. The modalities include interest-free repayable contributions and substantial co-funding options for eligible costs.

Maximum funding available for a project is $10 million.
Businesses can receive interest-free repayable funding for up to 50% of eligible costs.
Not-for-profit organizations can receive non-repayable funding for up to 90% of eligible costs.
Indigenous clients may qualify for funding up to 100% of eligible project costs in exceptional cases.
Stacking of government funding is limited to 75% of eligible costs for businesses/commercial projects, incorporating all three levels of government funding.
There is a 1-year grace period after project completion before repayment commences, followed by equal monthly payments over 5 years for repayable contributions.
Repayment of contributions is interest-free, with no security or collateral requirements.
No penalty for early repayment of contributions.

Activities funded

The eligible projects focus on fostering economic development and growth in British Columbia through transitioning to a green economy, supporting inclusivity, enhancing competitiveness, and strengthening critical sectors.

Supporting the development and adoption of clean technology to promote a green economy.
Helping communities and businesses drive sustainable economic growth.
Partnering with organizations to catalyze green regional clusters.
Supporting businesses owned or majority-led by underrepresented groups including Indigenous peoples and members of racialized communities.
Increasing participation of underrepresented groups in the economy through not-for-profit organizations.
Supporting the adoption of digital solutions to enhance SME productivity and growth.
Expanding market activities in sectors of emerging global competitive advantage such as advanced manufacturing and digital technology.
Adapting supply chain strategies to strengthen Canadian capacity in critical sectors.

Examples of admissible projects:

$ 105,000

Development of a software platform for digital transformation in SMEs

$ 375,000

Construction of an inclusive community center for diversified social services

$ 80,000

Development of a professional certification program for digital skills in underserved communities

$ 192,500

Implementation of a vertical farming system to enhance food security

$ 257,500

Upgrading of manufacturing equipment to improve energy efficiency in a textile factory

Eligibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile and proposed activities.

The applicant must be a business or a not-for-profit organization.
Sole proprietors are not eligible to apply.
Indigenous-led organizations and/or businesses are encouraged to apply.

Who is eligible?

Businesses (excluding sole proprietors) and not-for-profit organizations, including municipalities, post-secondary institutions, provinces and related entities, and Indigenous organizations. Indigenous-led organizations and businesses are especially encouraged to apply.

Who is not eligible

Based on the provided information, there are minimal restrictions explicitly stated for this grant, except certain business types based on their legal status. The criteria are focused on fostering specific activities and applicant types.

Sole proprietors are not eligible.

Eligible expenses

This grant prioritizes activities that aid in economic recovery, innovation, and inclusivity across British Columbia. The focus is on green economy transitions, inclusivity initiatives, competitiveness, and strengthening critical industry sectors.

Supporting the development and adoption of clean technology to transition to a green economy.
Helping communities and businesses plan for and implement clean, sustainable economic growth.
Partnering to develop green regional clusters that enhance regional economies.
Encouraging businesses to transition to a green economy through collaborative efforts.
Supporting businesses owned or majority-led by underrepresented groups to foster an inclusive recovery.
Encouraging economic participation of underrepresented groups through support of not-for-profit services like funding, training, and resources.
Advancing digital adoption among SMEs to enhance productivity and competitiveness (Industry 4.0).
Strengthening sector capacities critical to Canada's growth, such as advanced manufacturing and health sciences.
Supporting initiatives in supply chain adaptation and diversification in critical sectors.

Eligible geographic areas

This grant is available to companies located in a specific geographical area as determined by the funding body. The focus is exclusively on supporting economic development in British Columbia, Canada.

Businesses and organizations operating within British Columbia.

Selection criteria

The evaluation and selection of projects for this grant are based on criteria that assess their alignment with program objectives across several dimensions.

Alignment with one or more of the 4 eligible activities of the program.
Ability to produce direct economic outcomes supported by reasonable assumptions, such as the number and quality of jobs created relative to the funding amount requested.
Capability of the management team and the applicant’s ability to achieve intended outcomes.
Financial capacity, including the ability of businesses to repay funds and other confirmed funding sources and leverage from other funders.
Nature and strength of demand and competition for the proposed products and services.
Competitive advantage and degree of advancement over existing technologies, including an intellectual property management strategy for technology commercialization projects.

How to apply

Contact PacifiCan Officer

Reach out to a PacifiCan Officer before starting your application to ensure program fit.
Get answers to any preliminary questions you may have about the eligibility or application process.

Prepare Application

Gather necessary documentation, including proof of other confirmed funding sources as specified.
Draft a detailed project plan addressing how your project meets the program objectives.
Prepare financial details demonstrating your organization’s capacity for any repayment responsibilities, if applicable.

Submit Application

Ensure all parts of the application are complete and accurately filled out.
Submit your application along with all required supporting documents before funding is fully allocated or the program's closure date.

Confirmation of Submission

After submission, ensure you receive confirmation of your application being received.
Keep records of your submitted application details.

Additional information

Here are additional relevant details for this grant:

Contacting a PacifiCan officer before submission is strongly encouraged to ensure program fit and to resolve questions.
The program includes a dedicated $70 million nationally for businesses established post-January 2020, fitting specific eligibility requirements.
Funding for Indigenous clients can reach up to 100% of eligible project costs in exceptional circumstances.
Applications are accepted on a continuous basis until March 31, 2024, or until funds are fully allocated.

Apply to this program

Frequently Asked Questions about the PacifiCan — Jobs and Growth Fund — For profit Program

Here are answers to the most common questions about the PacifiCan — Jobs and Growth Fund — For profit. 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.