$90 Million in Funding Available for manufacturing and industrial projects throughout bc.

 

Funding Overview

The BC Manufacturing Jobs Fund, a new initiative by the Government of B.C., will allocate up to $90 million over a period of three years to support high-value industrial and manufacturing projects. These projects aim to promote clean and inclusive growth in rural, remote and Indigenous communities. The BC Manufacturing Jobs Fund will assist established for-profit organizations in planning and implementing shovel-ready projects that will provide direct benefits and stable, family-sustaining employment opportunities to regional and Indigenous communities.

The program has two funding streams: Project Readiness and Capital Investment. The streams support different stages of planning and launching capital projects. 

Program Goals

  • Invest in high-value, high-growth manufacturing sectors
  • Contribute to clean, inclusive growth and economic resilience in regional and Indigenous communities  
  • Support innovation and sustainability in the forestry value-added sector
  • Create and maintain family-supporting jobs
  • Help companies leverage other funding sources and bring investment into B.C. 
  • Boost productivity and competitiveness in domestic and international markets

Eligible Applicants

Eligible applicants for both streams are as follows: 

  • Businesses 
  • For-profit organizations
  • Entities with for-profit manufacturing operations, including Indigenous and First Nation-owned enterprises
  • Registered to do business in B.C.
  • Operate in the manufacturing sector; i.e., create products using industrial or mass-production processes
  • Have established operations (at the proposed project location or elsewhere)
  • Have an established employee base 
  • Be in a viable financial position, for example:  
    • Not in foreclosure or for sale
    • A business plan and financial records that show current or projected growth, profits, and/or ability to pay off short-term debts
    • Paid taxes in the last fiscal year

Stream 1 - Project readiness

Small grants to complete final-stage business and project planning, including operational and technical assessments.

Grant Amount

  • Maximum: $50,000
  • Up to 50% of total eligible project costs

Eligible Activities

Eligible projects for this stream include:

  • Developing a business case to expand operations or diversify product lines
  • Conducting an operational or technical assessment to improve processes or introduce new technology 

Stream 2 - Capital Investment 

Larger grants to invest in new or renovated manufacturing infrastructure, technology, equipment, and processes, including renovating idle industrial buildings such as an unused mill site.

Grant Amount

  • Minimum: $100,000
  • Maximum: $10,000,000 
  • It is expected that the program will contribute an average of 20% of total eligible project costs

Eligible Activities

Eligible projects for this stream include:

  • Building or expanding a manufacturing facility
  • Upgrading equipment or machinery to support new product lines
  • Adopting innovative processes to manufacture value-added forestry products from biomass or other alternatives
  • Retrofitting a processing facility to expand or adopt new technology and processes
  • Improvements of processes for fabrication

 

Important Dates

Open: February 28, 2023. 

Deadline: February 28, 2025. 

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