The Province announced yesterday that it is launching the new BC Manufacturing Jobs Fund that will invest up to $90 million over three years to support high-value industrial and manufacturing projects to drive clean and inclusive growth in rural, remote and Indigenous communities.
The fund will support established for-profit organizations to plan and launch shovel-ready projects that bring direct benefits and stable, family supporting jobs to regional and Indigenous communities.
There will be two streams of funding:
1. Project Readiness Stream - 50% funding up to $50,000 to help projects that are in the earlier stages of development and will support final-stage business and project planning, and operational or technical assessments for a capital project.
2. Capital Investment Stream - 20% funding to a maximum of $10 million, for projects that are investment ready. These grants will be for capital projects, including new or renovated manufacturing infrastructure, technology, equipment and processes.
A program guide and proposal form will be available by February 28, 2023.
More information is available at: https://news.gov.bc.ca/releases/2023JEDI0004-000041
