Government Grants & Loans

The Government of Canada offers more than 4,000 programs that, combined, provide over $ 25 billion towards business support. At the moment, government funding is undergoing profound changes, with a strong emphasis being put on direct funding such as grants rather than indirect funding such as tax credits. This can be attributed to the release of the Jenkins Report in 2011, which recommended a renewed control of funding through "direct" funding (for example through grants to finance projects directly, as opposed to "indirect" tax credits that usually fund a type of activity, not directly a project). As a result, since 2011, we have seen an increase in subsidy funding.

Grants (whether repayable or not) go far beyond innovation, Ayming helps companies access funding in the areas of:

 

  • Hiring and training
  • Marketing and export
  • Capital investment
  • Energy efficiency and green initiatives
  • R&D and innovation

 

Today, more than 80% of funding programs are grants. However, in addition to grant programs, the government also offers procurement programs, which are an important source of project funding. In short, if your government funding strategy does not include a combination of tax credits, grants and procurement programs, then your business venture is unlikely to capture all of the available funding opportunities. To date, more than 80% of funding programs are grants.

Ayming's experience indicates the following reasons why Canadian companies do not fully benefit from government funding programs: 

  • There are several thousand programs with varying eligibility criteria, bid dates and application processes. The government funding ecosystem is constantly evolving with the frequent introduction of new programs, the unscheduled end of existing ones or the depletion of funds without public announcement.
  • Unlike most tax credits, other funding programs must be approved in advance and therefore require appropriate planning and alignment with the overall business strategy.
  • Program budgets are limited and are generally offered on a competitive basis, making planning your applications key. This should be done simultaneously with project planning.
  • The receipt of direct funds can also have an impact on an organization's SR&ED claim. It is therefore necessary to have a strategy to maximize the combined effects of the programs. 

 

To help you navigate this complex and rapidly changing ecosystem, Ayming's approach consists of 3 offers, each one available independently or as a package to better suit your needs. 

Strategic Analysis and Action Plan 

  • Deploy of a team of specialists to understand your overall strategy and planned projects. Ayming has an in-house team of experts from across Canada with extensive experience in grants, loans and procurement programs for all levels of government.
  • Search our knowledge base of more than 1,600 programs to identify the programs for which your business is eligible. The Ayming database contains key data for more than 1,600 programs, including eligibility criteria, deadlines, application processes, remaining funds and key success indicators.
  • Develop a strategic action plan consisting of clear, detailed and comprehensive planning to maximize your government funding. This involves analyzing the viability of eligible programs, making and explaining our program recommendations and providing an implementation plan.

Preparation of Documentation

  • Some programs require the submission of certain documents, such as an executive summary, a detailed cash flow, or a complete business plan. Ayming's experts are available to assist you in building these key documents for future applications. Ayming'sknowledge of each of the planned programs makes it possible to produce the required documentation, allowing you to meet program requirements on time. 

Implementation of the Action Plan

  • Deployment of internal program specialists according to the funding strategy. Ayming will manage the overall implementation of the strategy, including gathering application information, preparing applications, and supporting program compliance at the submission and post-award points.
  • Government monitoring to track program changes and adjust the strategy accordingly.