Business Growth Program

For businesses in Newfoundland and Labrador looking to move beyond day-to-day operations and invest in meaningful growth, access to non-repayable funding can make a real difference. The Business Growth Program is designed to help companies take on projects that improve how they operate, bring new products to market, or expand sales beyond their local customer base. Administered by the provincial Department of Industry, Energy and Technology, the program supports initiatives that strengthen competitiveness while reducing the financial risk of pursuing larger strategic goals.

This program is well suited to growth-focused and innovative businesses across a wide range of industries, from companies developing and commercializing new offerings to those investing in productivity improvements, technical expertise, or market expansion. Funding is typically structured to cover a portion of eligible project costs, with support commonly reaching up to around $200,000 over a multi-year period. For certain development and commercialization projects, higher levels of assistance may be considered, especially when the initiative has strong economic potential for the province.

With applications currently being accepted on an ongoing basis, the Business Growth Program can be a valuable option for Newfoundland and Labrador businesses ready to scale, innovate, or reach new markets. Reviewing the full program details can help you understand how this funding might align with your next phase of growth.