Learning how to apply for a hiring grant may be all you need to take your business or non-profit to the next level. The Canadian Government is hugely concerned with the growth and development of small to large businesses.
Additionally, non-profits are not exempt from this scheme. As long as you know how to apply for a hiring grant, you can get awarded a sum of money to help you take on new employees.
Reducing the unemployment rate is one of the top priorities of the Canadian government. This is one of the solutions that the provision of hiring grants seeks to bring to the table.
A grant is a sum of money given by the government to interested parties. Unlike loans and other forms of investment, a hiring grant has a unique advantage that it doesn’t have to be repaid.
By learning how to locate and apply for the right hiring grant, you and your organization can get the funding that you need to take your business to the next level. There are different types of grants that you can apply for.
This time around, we will be discussing the core steps that need to be taken to find and apply for the right hiring grant.
Related article: When Can I Apply for Hiring Grants?
What is a Hiring Grant?
Before learning how to apply for a hiring grant, you should know what it is. Like other types of grants, you don’t have to repay a hiring grant. However, funds gotten from a hiring grant should be designated for one purpose only — hiring employees.
A hiring grant is designed to help businesses and nonprofits take on new employees. It can be used to take care of paying the salaries, relocating and signing on new members of staff. With a hiring grant, you can finally get the much needed financial leverage to fill vacant roles in your organization.
Related article: How to Leverage Canadian Hiring Grants
How to Apply for a Hiring Grant
Not all hiring grants are the same. In learning how to apply for a hiring grant, you need to understand that not all grants are the same. Hiring grants are awarded by different organizations under the body of the government.
Therefore, the exact requirements for applying for a hiring grant will vary based on the organization awarding the grant. However, the steps you need to take to apply for a hiring grant can be broadly described. They include
Identify Potential Hiring Grants
The first step to applying for a grant is identifying the right one to apply for. You can find potential hiring grants by visiting the Government of Canada website.
On the website, you can search for possible grants using filters such as keywords, amount, and authority behind the grant. Over the years, we have found that finding the best grant means that you have to conduct your search based on your business needs, your areas of interest and your products.
Once you have a list of potential grants, the next step is to read the eligibility requirements for each grant. Additionally, you should read the full details of the grant announcement to make sure that you meet all of the requirements for the grant.
Download the Application Package
Once you ascertain that you meet all of the requirements for a grant, you can go ahead and download the grant application package. Usually, the package should contain documents and requirements that answer the question “how to apply for a hiring grant?”.
Typically, the application package can be downloaded from the same government website where you located the grant.
Generally, you have to provide your email address when attempting to download the application package. Providing your email means that you will be able to get regular updates that concern the grant in question.
Downloading a hiring grant application means that you will be able to complete and review all of the material that you need before you submit your application. It also means that you can be sure that you have fulfilled all of the requirements for the grant in question.
Register with the Government
Before you can apply for a hiring grant, you have to register your business or organization with the government. If you are registering as an individual, you will be directed to a form which you have to fill out. Additionally, you have to create a password and an accompanying username.
If you are registering as an organization, you may have to obtain an identification number for your business. Your legal name, business address and mailing address are some of the details that you may have to put forward when registering your organization. You may also have to provide extra information, such as the number of employees your business has.
Your username and password will be your tickets to getting approval and access to the grant application process. Once your organization has been registered, you will be able to apply for and submit grant applications.
Write Needed Grant Materials
Most grant applications will require that you submit a proposal that shows that you meet all of the requirements for a grant.
Your grant proposal document must also show that you have a budget and clearly outline everything that you intend to achieve with the grant money.
Generally, your grant application documents will include:
- Proof that you meet all of the stringent requirements needed to get the grant.
- A proposal document that is professionally written and shows all of the goals of your project.
- Any extra documents that support your application. Such materials may include tax documents, purchase orders and other business documents.
Submit Your Application
The last part of applying for a hiring grant is submitting your application. Applying is a part of the process that shows you how to apply for a hiring grant. Once you have made sure that all of your documents are in order, you can go ahead to submit your application.
All you need to do is log into the grant application portal with your username and password. You will then be required to upload the necessary documents and then save your application. Once this is complete, you may be provided with a tracking number and confirmation information.
When learning how to apply for a hiring grant, you must remember that your application must be typo-free. Additionally, it must be grammatically correct and follow all formatting instructions. Following your application, you will also need to track your application and make sure that you are up-to-date with new information.
Doing all of this and keeping your business running smoothly can be a huge ask. This is why it is recommended that you allow an experienced grant consultant to take care of your application for you.
Granted has years of experience securing hundreds of thousands of dollars in grants for different organizations. Contact us today!
Related article: How These Canadian Companies Saved Over $10,000 Through Hiring Grants