Business Growth Program
Grow your Newfoundland business with non-repayable grants covering up to 50% of eligible costs, up to $200,000 per project. You must fund the remaining half yourself, and approval is competitive. Verified against the official source on July 2, 2026.
How we verify funding records →
“The Business Growth Program normally provides non-repayable contributions up to 50 per cent of eligible costs to a maximum of $200,000 over 24 months ($100,000 per year) per project, per company.”
Before you spend a dollar
Confirm on the official page whether approval must precede spending or if reimbursement is retroactive; typically, grants require approval before work begins.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
Get a free, 2-minute read on whether this program fits your business. No obligation.
Check your fit →Is this for you?
- You operate a sole proprietorship, partnership, or corporation in Newfoundland and Labrador with a clear growth plan.
- You have a project that improves productivity, launches a product, or expands your sales reach.
- You can prove your project is commercially viable and have the funds to cover the other 50% of costs.
Probably not the right fit if
- You are not based in Newfoundland and Labrador, as this program is for NL businesses only.
- You cannot fund the remaining 50% of project costs yourself, since this is a cost-share grant.
- You are not in good standing with the Government of Newfoundland and Labrador or lack the capacity to complete the work.
How much you'd realistically get
Up to 50% of eligible costs, capped at $200,000 over 24 months for standard projects; Development and Commercialization projects may reach up to $750,000 over multiple years.
What may be supported
- Productivity Improvement and Innovation
- Knowledge and Technical Assistance
- Growth and Internationalization
- Development and Commercialization
What's excluded or restricted
- not stated on the landing page (see Applicant Guides / fact sheet for detailed eligible vs ineligible costs)
How applying works
Effort: moderateYou must complete a specific application form and likely provide a detailed project plan and financials to prove viability.
- 01Review the Applicant Guides to understand eligible vs ineligible costs for your specific project type.
- 02Determine if your project fits 'Productivity Improvement/Innovation/Knowledge/Growth' or 'Development and Commercialization'.
- 03Complete the corresponding application form: 'Application for Commercial Programs' or 'Application for Development and Commercialization'.
- 04Submit your application to the Department of Jobs, Growth and Rural Development.
- 05Contact economicdevelopment@gov.nl.ca or your regional office if you need clarification on eligibility.
Who to ask: economicdevelopment@gov.nl.ca. Regional offices - Labrador 709.896.2400; Western 709.637.2628; Central 709.256.1480; Eastern 709.466.4170; Avalon 1-833-404-2283
Documents commonly required
- Completed Application Form (Commercial Programs or Development and Commercialization)
- Project Plan demonstrating commercial viability
- Financial statements or proof of ability to fund the cost-share portion
- Proof of good standing with the Government of Newfoundland and Labrador
How BBN Labs helps
- BBN builds your business website and e-commerce store to capture more sales online and reach customers across Newfoundland and Labrador.
- BBN sets up Local SEO and your Google Business Profile so local buyers find you when searching for your services.
- BBN launches a Google review system with QR codes to collect more five-star ratings and build trust with new customers.
- BBN designs digital marketing and paid ad campaigns to drive targeted traffic to your storefront and website.
- BBN implements online ordering and booking systems to save staff time and let customers purchase or reserve services instantly.
- BBN creates professional photography and video content to showcase your products and make your brand stand out on social media.
What to know before you count on it
- This is a cost-share grant: you must fund the remaining 50% of eligible costs yourself.
- Selection is competitive and discretionary; you must demonstrate commercial viability and project capacity.
- The grant is likely taxable income; ask your accountant how this affects your tax filing.
- Detailed eligible cost lists are not on the landing page; you must review the Applicant Guides to avoid ineligible expenses.
What are your odds?
Approval depends on demonstrating commercial viability and project capacity; there is no guarantee of funding, and spots are limited by program budget.
Frequently asked questions
Do I have to repay this money?
No, it is a non-repayable contribution. However, it is likely taxable income, so consult your accountant.
What is the maximum amount I can get?
Normally up to $200,000 over 24 months per project. Development and Commercialization projects may qualify for up to $750,000 over multiple years.
Is there a deadline to apply?
The program appears to be continuous with no fixed deadline on the landing page, but confirm on the official page as intake windows can change.
Who administers this program?
The Government of Newfoundland and Labrador, Department of Jobs, Growth and Rural Development.
What you can combine it with
Check with the department if this grant can be stacked with other federal or provincial funding; typically, cost-sharing rules apply.
Related programs
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated July 3, 2026; last verified July 2, 2026 against the official source. Source: official program page.