PacifiCan — Jobs and Growth Fund — Not-for-profit
BC, Canada
Money to future-proof your non-profit in British Columbia
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateMarch 31, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Health care and social assistance
grant_single|grantors
- Government of Canada
- Pacific Economic Development Canada
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grant_card_status|closed
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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 a non-repayable contribution for up to 90% of the project’s cost.
grant_single_labels|projects
The Jobs and Growth Fund is administered by Pacific Economic Development Canada (PacifiCan) in British Columbia, indicating its regional focus within the province. Consequently, eligible geographical areas are specific to British Columbia.
- Organizations and businesses located within British Columbia.
grant_single|admissibleProjectsExample
$1,170,000
Launch a digital solutions hub to support SMEs in enhancing productivity
$450,000
Create an inclusive workforce training program for underrepresented groups
$585,000
Develop a new line of bioplastic products to reduce environmental impact
$1,035,000
Support scale-up and market expansion of organic agriculture products
$990,000
Implement supply chain adaptations for a biomanufacturing company
$810,000
Develop a community solar-power project in partnership with local businesses
grant_single_labels|admissibility
The Jobs and Growth Fund in British Columbia has specific eligibility criteria for companies seeking funding.
- The applicant must be a business, as sole proprietors are not eligible.
- Indigenous-led businesses are encouraged to apply.
- Only projects with confirmed other sources of funding at the time of application are eligible.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Jobs and Growth Fund in British Columbia include businesses that are not sole proprietors, and not-for-profit organizations or community economic development partners, such as municipalities, post-secondary institutions, provinces and related entities, and Indigenous organizations. Indigenous-led organizations and businesses are particularly encouraged to apply, and they may receive additional assistance in the application process.
grant_eligibility_criteria|who_cannot_apply
The eligibility for this grant excludes certain businesses primarily due to their business structure. These restrictions ensure that the funds are allocated effectively to businesses that align with the program's goals.
- Sole proprietors are not eligible for this grant.
grant_eligibility_criteria|eligible_expenses
This grant prioritizes activities that bolster economic resilience and inclusivity in British Columbia across several sectors. The eligible projects and activities focus on transitioning to a green economy, fostering inclusivity, enhancing digital transformation, and strengthening critical sectors.
- Activities that support the transition to a green economy, including supporting clean technology development and adoption, promoting clean and sustainable growth, and catalyzing green regional clusters.
- Activities that foster an inclusive recovery by supporting businesses owned or led by underrepresented groups and increasing participation of these groups in the economy through not-for-profit organizations.
- Advancing digital adoption to enhance business productivity and growth via development or adoption of digital solutions.
- Strengthening capacity in critical sectors by supporting scale-up and market expansion activities in key areas like value-added agriculture and advanced manufacturing.
grant_eligibility_criteria|zone
The grant covers incremental costs that are essential to the project's execution and success.
- Capital costs such as equipment and machinery.
- Labour costs, including wages and benefits.
- Marketing expenses related to the project.
- Costs associated with intellectual property.
- Technology development and commercial demonstrations.
- Professional, advisory, and technical services.
grant_single_labels|criteria
The evaluation and selection of projects for the Jobs and Growth Fund in British Columbia are based on specific criteria to ensure alignment with the program’s objectives.
- Program alignment: Evaluation of how well the project aligns with one or more of the four eligible activities of the program.
- Economic benefits: Assessment of the project's ability to produce direct economic outcomes, including the number and quality of jobs created relative to the funding amount requested.
- Management capability: Analysis of the management team’s ability to achieve the intended outcomes of the project.
- Financial capacity: Evaluation of the organization's financial capacity, specifically the business's ability to repay (if applicable), other confirmed funding, and leverage from other funders.
- Market demand: Consideration of the nature and strength of demand and competition for the proposed products and services.
- Technology readiness: For technology commercialization projects, the competitive advantage and advancement over existing technologies, including an intellectual property management strategy.
- Confirmed funding: Verification of non-RDA funding as demonstrated by current bank statements, funding agreements, or official letters of confirmed/conditional funding.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Contact PacifiCan Officer
- Contact a PacifiCan officer to ensure your project aligns with the program criteria.
- Clarify any questions and gain insights into the application process.
- Step 2: Prepare Application Materials
- Prepare a detailed project proposal including goals, planned activities, and expected outcomes.
- Compile all necessary documentation, such as financial plans, confirmed funding evidence, and management capability statements.
- Step 3: Draft Application
- Fill out the application form with information about your project and organization.
- Ensure all eligibility criteria are met and aligned with the eligible activities outlined.
- Step 4: Submit Application
- Submit your completed application through the designated online portal or as instructed by the PacifiCan officer.
- Ensure submission is done before the funding is fully allocated or before the deadline date of March 31, 2024.
- Step 5: Receive Confirmation
- Receive confirmation of your application submission from the funding body.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- A project must align with one or more of the four eligible activities categories, such as transitioning to a green economy or fostering inclusive recovery.
- The program strongly emphasizes contacting a PacifiCan officer to ensure program fit before application submission.
- Applications will be accepted until funding is fully allocated or until March 31, 2024, whichever comes first.
- The program is closed as of the date modified, March 22, 2024.
Apply to this program
Empowering British Columbia with Strategic Grant Funding
The Jobs and Growth Fund aims to boost British Columbia’s economy by supporting projects that promote a greener and more inclusive economy. This initiative is tailored to enhance job creation and ensure competitiveness across various sectors in the province.
In-Depth Analysis of the Jobs and Growth Fund for British Columbia
The Jobs and Growth Fund, managed by Pacific Economic Development Canada (PacifiCan), offers substantial financial support intended to catalyze economic growth and sustainability in British Columbia. With an allocation of $85.4 million dedicated to this region, the grant aims to stimulate job creation, enhance competitive industry clusters, and foster globally successful businesses, while ensuring growth that includes rural, Indigenous, and underrepresented communities. Through strategic investments in various projects, this fund marks a significant effort to future-proof businesses and communities, encouraging transitions to a green economy, inclusivity, competitive advancements, and job creation across the province.
This funding opportunity is particularly relevant for businesses and organizations in British Columbia focusing on activities that align with the overarching goals of environmental sustainability and inclusivity. Eligible projects include those that advance clean technology, drive sustainable economic growth, and participate in green regional clusters. Moreover, efforts to support companies owned by underrepresented groups or to increase their participation in the economy are highly encouraged. This aligns with a broader strategy to build an inclusive recovery in the aftermath of the COVID-19 pandemic, ensuring equitable growth and opportunities for all demographic groups within the province.
The fund’s design is attentive to the unique challenges and potentials of British Columbia, which houses diverse industries from technology and advanced manufacturing to the burgeoning sectors of health sciences and digital solutions. Therefore, activities that strengthen capacity in these critical areas are also eligible for support, particularly those that aim to scale up operations or adapt and diversify supply chains. This facet of the initiative not only supports local innovation but also enhances resilience in global and domestic markets.
What sets the Jobs and Growth Fund apart is its adaptable financing mechanisms. It provides interest-free, repayable funding for up to 50% of costs for businesses, demonstrating a commitment to supporting financially robust projects. For not-for-profit organizations, the fund offers non-repayable contributions covering up to 90% of eligible costs. Furthermore, initiatives led by Indigenous applicants can receive up to 100% funding, highlighting the program’s dedication to supporting Indigenous economic development.
The evaluation of applications is highly competitive, based on stringent criteria assessing alignment with program objectives, economic benefits, management capability, financial robustness, and market potential. Given these comprehensive measures, only projects demonstrating significant impact and alignment with the objectives—transitioning to green economies, embracing inclusivity, and fostering competitiveness—are likely to succeed in securing funding.
As the program receives applications continuously, it is advisable for interested parties to consult with a PacifiCan officer. This consultation improves project alignment with the program’s goals and enhances understanding of eligibility conditions and application processes. Although the opportunity to apply remains open until funding is fully allocated or until March 31, 2024, prospective applicants should act promptly to secure their participation in this dynamic provincial initiative.
Ultimately, the Jobs and Growth Fund presents a unique and substantial opportunity for businesses and organizations in British Columbia to align their growth strategies with national priorities. By engaging with this funding program, they can not only access vital financial support but also contribute meaningfully to building a resilient and inclusive economy in British Columbia and, by extension, Canada.
