Securing Grants for Small Businesses in the Manufacturing Industry
The manufacturing industry is one the main backbones of innovation and economic growth, yet many small businesses within this sector often need help with funding. Securing grants can be a game-changer, providing essential financial support to help your business grow, innovate, and stay competitive. Whether you’re looking to upskill your workforce or hire new talent, several grant opportunities are available to manufacturing businesses that can significantly ease the financial burden.
Here are some great grants to look into!
The Employer Training Grant: Investing in Your Workforce
The Employer Training Grant is a critical grant that can make a substantial difference. This grant is offered across all industries, including manufacturing. Offered by the B.C. government, this grant supports skills training for new or current employees, ensuring that your workforce remains agile and capable of meeting the ever-changing demands of the labour market.
Key Benefits:
– Covers up to 80% of eligible training costs, with a maximum of $10,000 per employee.
– Businesses can receive up to $300,000 in funding per fiscal year.
This grant is not just about financial assistance; it’s a strategic investment in your workforce. By closing the skills gap within your company, you’re enhancing productivity and fostering a culture of continuous improvement.
Application Details:
– Each course must be applied for separately.
– Applications delayed beyond 60 days will be returned unassessed.
WILWorks Student Work Placement Program: Bringing in Fresh Talent
Another significant opportunity for manufacturing businesses is the WILWorks Student Work Placement Program. If you’re planning to hire students for roles related to manufacturing, this program offers a wage subsidy of up to $7,000 per student.
Key Benefits:
– Helps reduce labour costs while bringing new ideas and innovation into your company.
– Supports the broader goal of building a skilled workforce pipeline for the manufacturing industry.
This grant provides financial relief and positions your company as a nurturing ground for the next generation of manufacturing talent.
Take the Next Step with Granted
Now that you’ve discovered the top reasons to pursue grants, what’s stopping you from taking the next step? If securing free funding to fuel your business’s growth sounds appealing, it’s time to explore your options. At Granted, we’ve made it easy for you to find the grants that align with your business needs.
Why not use our Grant Calculator to see what’s available? You can discover the funding opportunities that could propel your business to new heights in just a few clicks. Today, visit Grant Calculator and unlock grants’ potential for your small business.
Are you ready to turn potential into success? The right grant could just boost your business needs. Don’t leave money on the table; explore your grant opportunities now!
