Funding Opportunity: BC Manufacturing Jobs Fund Set to Close August 15
Funding Opportunity: BC Manufacturing Jobs Fund Set to Close August 15
![Funding Opportunity: BC Manufacturing Jobs Fund Set to Close August 15 Funding Opportunity: BC Manufacturing Jobs Fund Set to Close August 15](https://chambermaster.blob.core.windows.net/images/customers/1292/blogposts/39279/bcmanfund.png)
The BC Manufacturing Jobs Fund (BCMJF) will help manufacturing companies modernize, innovate, and grow by providing funding for capital projects. This fund was initially targeted to particular regions, but has since been expanded to all parts of BC, including Langley.
The program is nearing the end of its current intake period, and deadlines are now in place for new proposals and full applications. New proposals will be accepted until August 15, 2024, at 4:00 pm PST.
The BC Manufacturing Jobs Fund is helping manufacturing companies modernize and grow their operations by funding capital projects. BCMJF will invest up to $180 million in projects that contribute to economic resilience and diversification and create and maintain stable, well-paying jobs for local workers.
Business Eligibility
- Businesses registered to operate in BC
- Operate in the manufacturing sector (using industrial or mass production processes)
- Be in a viable financial position, with established operations and employee base
- Capital projects that contribute to long-term economic growth and business sustainability/diversification
- Will leverage market demand and create, maintain or diversify job opportunities
- Have a high degree of readiness
- Eligible costs include​
- Capital expenditures including equipment, machinery, technology, and construction materials
- Wage or contract costs for net new and project-specific labour
- Material transportation costs
- Installation and implementation costs
- Project Readiness
- Funding to complete final-stage business and project planning, including operational and technical assessments.
- Maximum funding of $50,000, up to 50% of the project costs
- Can fund developing a business case to expand operations or diversify product lines
- Can fund conducting operational or technical assessments to introduce new technology
- Capital Investment
- Funding to invest in new or renovated manufacturing infrastructure, technology, equipment, and processes
- Minimum funding of $100,000 and maximum funding of $10,000,000
- Funding can represent 20% of the total project costs
- Projects should be initiated within one year
- Examples include building or expanding a manufacturing facility, upgrading machinery to support new product lines, improving or adopting new processes
For more information, click here
For Program Guide, click here
Program staff are also available to discuss projects with interested applicants and can be reached at ManufacturingJobsFund@gov.bc.ca