FedDev Ontario Business Scale-up and Productivity (BSP) program offsets upfront project costs and helps Southern Ontario businesses grow more quickly. It provides no-interest repayable contributions (government loans) with repayment beginning within a year of project completion. This supports businesses as they adopt or adapt technologies, then repay the cost of equipment over a period of time where it’s helping to generate additional revenues.
The Business Scale-up and Productivity Program provides Southern Ontario business expansion loans of up to 35% of project costs to a maximum of $10 million.
To apply for BSP funding, eligible applicants must develop and submit a comprehensive application package that consists of the program’s main application form, financial statements for the last two full years of operation, and the most recent interim financial statement available. All projects must be complete by the program’s end date of December 31, 2023.