Small to medium-sized enterprises (SMEs) in Southern Ontario that have 15 to 1,000 employees and are looking to expand their markets and facilities, improve productivity, or increase business capacity globally should consider taking advantage of the Investing in Business Growth and Productivity (IBGP) loan program, administered by FedDev Ontario.
IBGP offers a repayable contribution to a maximum of $20 million or 25% of eligible project costs. Eligible activities include the adoption or adaptation of new technologies or processes and related skills development, as well as activities related to business opportunity development, growth, and integration in global value chains. Activities related to facilities improvement or expansion, market development and expansion, and business expansion to support greater economic diversification are also eligible. Eligible direct costs include labour, expertise, and non-capital and capital expenditures. Repayments will begin no later than one year following the completion of the project.
NorthBridge Consultants has experience with the IBGP application and will provide the necessary guidance at every step of this multi-phase process. Our team of business analysts and technical writers can assist with the completion of application information, the preparation of financial information, the creation of business plans and market analyses, the necessary liaising with government officials, and the required reporting after application submission.