What Funds to Expect from the Minority Government?

As you probably know by now, the recent Federal election didn’t change the balance of power in Ottawa. However, you need to know about the following funding promises for business that will be implemented within the next few months.

  1. Extension of the Canada Emergency Wage Subsidy and the Canada Emergency Rent Subsidy. These two popular grants for businesses hit hard by the pandemic will continue until March 2022. Although the Wage Subsidy program will be gradually replaced with the Canada Recovery Hiring Benefit, there will be the funds to support employees’ salaries if your business is still in trouble
  2. CanExport Renewal. The popular CanExport grant is set to open the next intake in October. To remind, CanExport provides Canadian businesses with funding to help them market in the new export markets, both digitally and traditionally. We will find out what program rules will change and let you know in a separate email.
  3. Canada Digital Adoption program is set to open in October as well. It will support technology consulting and implementation like ERP systems. The details will be available soon.
  4. Federal expansion funding programs like Jobs & Growth FundAerospace Regional Recovery InitiativeBusiness Scale-Up and Productivity and Strategic Innovation Fund are set to resume the regular application review process. The process was on hold due to the election.
  5. Canada Small Business Financing Program (CSBFP) will increase the maximum amount to $500K from $350K.
  6. No Impact on the Provincial Funding. Federal elections have no impact on the provincial government funding programs for businesses.

If you have any questions about the impact of the Federal election on your business, simply get in touch with us through apply@fgwinc.ca.

Fill out the Eligibility Check form now to make sure you don’t miss this funding opportunity http://www.fgwinc.ca/eligibility.