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New financial assistance to support small businesses in the steel and aluminum industries: take advantage now!

Are the U.S. tariffs on Canadian steel and aluminum hurting your business? The federal government has just announced $100 million in funding for small and medium-sized enterprises in these industries. Here’s your chance to receive a non-repayable contribution ranging from $150,000 to $1 million that you can use to increase your company’s productivity and become more competitive in the marketplace. 

You only have until April 8th to register!

Who can apply?

Your firm must meet the following eligibility criteria to apply:

  • Employ between 10 and 499 individuals on a full-time basis in Canada.
  • Be intensive users of steel or aluminum (i.e., steel and/or aluminum expenditures are equal to or greater than 20 percent of total input costs).
  • Demonstrate plans for projects pursuing productivity enhancements and/or innovations to augment competitiveness. Priority will be given to investments that foster product and process improvements.
  • Propose a project that will be completed by March 31, 2020.

How does it work?

Applications must be made through your regional development agency (see list below) before the April 8, 2019 deadline.
If your project is selected, you could receive financial support covering up to 45 percent of eligible costs. For full details, see the applicant guide and application form for your region in the table below.

If your application is accepted, you need to be aware that there will be a delay between the time you incur costs and the time you receive your reimbursement.

Forms and guides by region

  Deadline Application Form Applicant Guide Total amount to be distributed
Western Economic Diversification 4/8/2019 Form Western Guide Western $24.99 million
Atlantic Canada Opportunities Agency 4/8/2019 Form Atlantic Guide Atlantic $6.80 million
Canada Economic Development for Quebec Region 4/8/2019 Form Quebec Guide Quebec $26.17 million
Fedev Ontario 4/8/2019 Form South Ontario Guide Fedev $39.04 million
Fednor Ontario 4/8/2019 Form North Ontario Guide Fednor $3 million

For further information, contact your CFIB counsellor.

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