PacifiCan — Jobs and Growth Fund — For profit

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?

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.

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.

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.