Victoria, British Columbia — With the aim of boosting jobs and innovation in the province, the government of British Columbia has allocated $10 million to support 43 new manufacturing projects.
“The pandemic has changed the way many B.C. companies do business and for many, adapting and innovating is the way to ensure long-term growth,” said Minister of Jobs, Economic Recovery and Innovation Ravi Kahlon.
“This program recognizes those businesses that have a solid plan to grow and become more globally competitive in the years ahead.”
PricewaterhouseCoopers (PwC) Canada was selected by the province to deliver the Accelerating Manufacturing Grants program.
The grant provides 75 percent of project costs to a maximum of $250,000 for individual business projects or up to $500,000 for projects by a group of businesses. Funding for projects is allocated to the following activities:
- demonstration or testing for prototypes of new technologies
- commercialization of new technologies, products or services
- improving market access or supply-chain competitiveness
- identifying and applying operational improvements or increasing sustainability in supply chains
There are more than 12,600 small and medium-sized manufacturing companies in B.C. More than 94 percent of them are small businesses with fewer than 50 employees.
