Business Scale-up and Productivity (BSP)- Prairie provinces

Provides loan-guarantees to entrepreneurs to cover costs associated with business registration, incorporation, and promotions, to purchase inventory and equipment, and provide working capital.

Manitoba Department of Jobs and the Economy

Overview of the Business Scale-up and Productivity (BSP)- Prairie provinces program:

The Business Scale-up and Productivity (BSP) program by Prairies Economic Development Canada provides financial assistance to high-growth businesses for scaling up, expanding markets, and improving productivity. The program supports projects that foster innovation, boost competitiveness, and create jobs. Eligible applicants include incorporated businesses, co-operatives, and Indigenous organizations. Funding is provided as interest-free repayable contributions, covering up to 50% of project costs.

Benefits of the Business Scale-up and Productivity (BSP)- Prairie provinces program:

Interest-free repayable contributions
Up to 50% of project costs covered
Support for innovation and competitiveness

Eligibility criteria of the Business Scale-up and Productivity (BSP)- Prairie provinces program:

Eligibility:
The BSP program supports incorporated businesses, co-operatives, and Indigenous organizations in the Prairie provinces.
Applicants must demonstrate high growth potential and a solid business plan for scaling up, expanding markets, or improving productivity.
Who and What the Program Supports:
High-growth businesses in the Prairie provinces
Projects focusing on scaling up, market expansion, and productivity improvements