This guidebook will show you how to maximize your grant funding for your food-based business.
Canada’s Food & Beverage industry is one of the most bustling sectors in Canada. It represents the second-largest manufacturing industry in the country in terms of the value of production with sales worth $117.8 billion in 2019. It is, in fact, the largest manufacturing industry in Canada’s most populated provinces including Ontario, Quebec, British Columbia, and Alberta.
Currently, over 90% of Food & Beverage companies in Canada have fewer than 100 employees. This means that the vast majority of these businesses are considered small and medium enterprises (SMEs). The industry is going through a high-growth phase with sales and exports up by an average of 7% every year since 2017. As one of Canada’s largest exporting industries, the government has dedicated grant funding to support small businesses in the sector. Notably, there are an increasing number of programs that serve to push the Food & Beverage sector toward modern, innovative, and sustainable practices to meet Canada’s 2030 Emissions Reduction Plan, and other net-zero commitments.
Are you leveraging the wide range of grants at your fingertips?
If your instinct is to say no, then you’re in the right place. In this guidebook, we cover the ins and outs of Food & Beverage grants for small businesses in Canada. Whether you’re looking to hire, expand, or simply learn what the funding opportunities are, this guidebook will show you how to maximize your grant funding for your food-based business.
Food & Beverage businesses in Canada, like other countries, tend to operate with small margins. This is in part due to the fluctuating cost of resources, and rising labour costs. This is why government funding is important in the food industry.