For manufacturers, modernizing facilities and expanding production capacity is essential to staying competitive. In this case study, we explore how Ayming Canada helped an electronics manufacturer secure unprecedented government funding by strategically stacking grant and loan programs, unlocking $2 million in non-repayable grant funding.
The Challenge
Sector: Electronics Manufacturing
Funding Category: Facility Expansion & Capital Purchase
The client was embarking on a large-scale modernization initiative. Their plan included retrofitting outdated facility elements, expanding their operations, and boosting their manufacturing innovation capabilities. However, they needed financial support to execute these ambitious goals and maximize their investment.
Ayming’s Approach: Electronics Manufacturer
Ayming began with a comprehensive strategy tailored to the client’s objectives:
Engaging Decision-Makers
We held a detailed kick-off meeting with key stakeholders to understand the client’s needs and introduce them to local funding advisors.
Leveraging Program Expertise
By maintaining close communication with government program advisors, we strengthened the alignment of the project with the funding criteria and ensured continuous advisor support.
Innovative Program Stacking
Ayming helped the client become the first applicant to simultaneously use the Eastern Ontario Development Fund (EODF) grant and a Federal Economic Development Agency for Southern Ontario (FEDDEV) loan for a single project.
Our proactive approach and existing relationships with funding bodies ensured that the client’s application had the highest chance of approval.
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