Amount: 20% of the equipment & related cost with the maximum amount of $10M.
The BC Manufacturing Jobs Fund (MJF) will help manufacturing companies modernize, innovate, and grow by providing funding for capital projects in all regions in B.C., particularly in communities affected by economic impacts or downturns.
The program welcomes applications from all manufacturing sectors. There will be a particular focus on helping the forestry sector retrofit and develop new, sustainable value-added business lines that reduce dependency on old growth logging and make innovative use of biomaterials.
MJF will invest up to $180 million in manufacturing projects throughout B.C.
Timeline
The program began accepting proposals on February 28, 2023, and will remain open to proposals for approximately two years, or until all funds are allocated.
Eligibility
Eligible applicants include:
- Businesses
- For-profit organizations
- Entities with for-profit manufacturing operations, including Indigenous and First Nation-owned enterprises
Eligible capital projects must:
- Be located in B.C.
- Contribute to long-term regional economic growth, sustainability and/or diversity
- Be financially viable and leverage market demand
- Create, maintain or diversify job opportunities for local workers
- Have a high degree of readiness and bring direct benefits to communities
- Demonstrate alignment with program goals
Eligible costs & Program Streams
MJF has two funding streams: Project Readiness and Capital Investment. The streams support different stages of planning and launching capital projects.
Stream 1 – Project Readiness
Funding to complete final-stage business and project planning, including operational and technical assessments.
Funding Amount
- Maximum: $50,000
- Up to 50% of total eligible project costs
NOTE: Early research, concept development and scoping are not eligible activities.
Stream 2 – Capital Investment
Funding to invest in new or renovated manufacturing infrastructure, technology, equipment, and processes, including renovating idle industrial buildings such as an unused mill site.
Funding Amount
- Min-Max: $100,000 – $10,000,000
- It is expected that the program will contribute an average of 20% of total eligible project costs
Funding Details
- Projects should be initiated within one year
- Funding will be paid out in installments based on milestones achieved
- Applicants will be asked to submit project documentation that outlines the project budget, other potential and secured funding sources, and demonstrates project viability