Consider applying for government grants or other third-party programmes if you’re seeking funding alternatives for your Saskatchewan enterprises to get the cash you need to run or grow your enterprise. Entrepreneurs and small business owners can use this Saskatchewan grants guide to locate small business grants in the province, including grants from the Saskatchewan government and outside organizations.
Small business owners and entrepreneurs applying for Saskatchewan business grants must offer certain information and supporting documentation to demonstrate how their company or proposed project satisfies the program’s financing requirements. To make sure they have everything covered, businesses should always gather the following data:
- Saskatchewan business registrations and licences attesting to the organization’s legal right to conduct business there
- The company’s financial reports show how much money was made last year and how the company is doing financially overall.
- The company’s employee list and the total number of full-time and part-time employees
- The project’s mission statement, scope, budget, timeframe, and team are included in the business plan, business strategy, or project plan.
Business and Economic Growth Grants
Jobs and Growth Fund in Western Canada
A federal government initiative called the Jobs, and Growth Fund supports economic expansion and employment creation in Western Canada. Depending on the nature of the business, financing may take the form of contributions that are not repayable or loans with no interest. The costs of approved activities, such as those that promote an inclusive recovery, safeguard the country’s competitiveness in the digital sphere, and boost vital economic sectors for Canada’s growth and recovery, will be covered by this financing agency. The program’s chosen projects receive investments totalling $217 million from Western Economic Diversification Canada (WD). Businesses are entitled to receive a non-repayable contribution of up to 90% of expenditures. In comparison, non-profit organizations are eligible to receive an interest-free contribution of up to 50% of eligible costs. Additionally, for projects involving Indigenous clientele, indigenous applicants can receive a contribution of up to 100% of the qualified project costs.
Who may apply?
Non-profit organizations, businesses, and co-operatives may all submit applications. Also strongly encouraged to apply are entities and businesses led by indigenous people.
How can I apply?
You can begin applying for Saskatchewan government grants like this one by visiting the Western Economic Diversification Canada application portal.
Northern Capital Grants Program
The Northern Capital Grants Program provides financial assistance to northern municipalities and settlements so they can construct or buy capital assets and municipal infrastructure.
How much is given out?
The local municipality must contribute 20% of the overall project expenses. The government will provide grant funding as a maximum monetary contribution of up to 80% of eligible purchasing prices.
Who may apply?
Municipalities in Saskatchewan’s north are eligible for this programme.
How can I apply?
Before contacting the Northern Municipal department for more information, complete the project thorough analysis form and the application for grant approval form.
Grants to Assist With Family Child Care Home Licensing
The Family Child Care Assistance Grants for people and companies wishing to operate a child care centre in their house, Home Licensing offers two types of funding schemes. New businesses can benefit from either of these:
The Fire, Health and Safety Grant is a one-time financial aid programme that assists Family Child Care Homes in meeting all fire, health, and safety standards required for this kind of business to run. This covers fire inspections and any equipment or changes required to satisfy specifications.
Start-Up Grant: This programme offers a one-time donation to assist with the expenses involved in creating child care facilities.
Individuals are eligible for financial help under the Fire, Health, and Safety Grant with a maximum contribution of $1,200. Three funding streams make up the Start-Up Grant.
For enterprises in the Northern Saskatchewan Administration District, the amount is $3,325, or $3,825 for new family child care homes. The maximum grant for new group family child care homes is $3,525 ($4,025 for businesses in the Northern Saskatchewan Administration District). The final option is to get up to $400 for current Family Child Care Homes that are becoming Group Family Child Care Homes.
Business Capacity Grant for the Creative Sector
To promote the expansion of the creative industry in the area, Creative Saskatchewan runs the Business Capacity Grant for the Creative Sector programme. This covers initiatives that emphasize entrepreneurship, developing innovative skills, increased efficacy, or increasing the industry’s workforce.
How much is given out?
With a maximum contribution of $25,000 per fiscal year or $50,000 within 24 months, qualified projects can get financing to pay up to 50% of approved costs.
Who may apply?
All creative industries funded by Creative Saskatchewan are open to applications from entrepreneurs and small companies.
Market and Export Development Grant
Another programme by Creative Saskatchewan, the Market and Export Development Grant, focuses on massive marketing prospects for companies in the creative sector. Within the same funding stream, Creative Saskatchewan also promotes a micro-grant to support modest marketing initiatives.
With a maximum contribution of $25,000 per year or $50,000 per 24 months, Saskatchewan allows qualifying businesses to obtain financial aid designed to pay up to 50% of approved costs. There is also a $5,000 micro-grant available, which would be added to the $25,000 or $50,000 received in total money.
Companies in the creative industry are eligible to apply for these financial resources. These industries include publishing books, the visual and performing arts, film and television, and interactive internet sources.
Minority and Indigenous-Run Business Grants
Gaming Trusts and Grants
The First Nations Trust, the Métis Development Fund, and the Community Development Corporations receive casino gaming income under the Gaming Trusts and Grants programme (CDCs). The Saskatchewan Gaming Corporation Act and the 2002 Gaming Framework Agreement, signed by the Province and the Federation of Saskatchewan Indian Nations, obligate Saskatchewan to disburse these funds (FSIN). Economic growth, social development, educational development, justice initiatives, elder and youth programmes, cultural development, community infrastructure development, and health initiatives are just a few of the projects that are considered for funding.
The Saskatchewan Indian Gaming Authority operates an on-reserve casino, and it distributes 25% of its net earnings to these Community Development Corporations (SIGA).
Who may apply?
If your organization or business is situated in a community close to a Saskatchewan casino, you are eligible to apply for financing through the CDC. First Nations and non-First Nations groups are both eligible to apply.
How can I apply?
Contact the closest CDC to find out more about this program’s eligibility requirements and submit a funding application.
Métis Entrepreneur Equity Program
The Métis Entrepreneur Equity Program provides Métis business owners with capital in the form of a non-repayable contribution to help them grow their enterprises. Applications from indigenous women business owners are invited.
How much is given out?
Amounts up to 40% of eligible project expenditures and a maximum contribution of $99,999 are available to Métis people who have been approved. Up to a maximum of $250,000, Métis community-owned enterprises are eligible to receive up to 40% of the project costs. It is crucial to remember that the contribution will become a repayable loan right away if the company is sold or shut down within three years of receiving funds. Those chosen must have Métis ancestry and run a business in Saskatchewan. A Métis person must own at least 51% of the business if a business is run as a partnership. A minimum equity investment of 10% is required from applicants for the proposed project.
How can I apply?
To begin the consultation, fill out the information form on the funds’ website.
Workforce Hiring and Training Grants
Canada-Saskatchewan Job Grant
A government-run, employee-driven initiative called the Canada-Saskatchewan Job Grant helps non-profit organizations and for-profit companies train new or existing employees. The programme also intends to offer more services and possibilities for job opportunities and skill development for underemployed and unemployed workers.
How much is given out?
A maximum of $100,000 each fiscal year, with a maximum of $10,000 per trainee, is available to employers who apply for assistance through this Saskatchewan small business awards programme. The federal and provincial governments will each pay a third of the cost of the training, with these enterprises responsible for the other two-thirds.
Employers in the non-profit and private sectors are eligible. Publicly supported organizations like health regions, post-secondary institutions, public libraries, municipalities, school divisions, and independent contractors are examples of ineligible parties. Candidates for the programme must be Canadian citizens or legal residents, and this programme does not accept temporary foreign workers.
How can I apply?
Before forwarding the completed copy to your nearby Canada-Saskatchewan Job Grant (CSJG) office, applicants must complete the Employer Application Form and the Training Provider Quote. By managing your books with the appropriate accounting tools, you can ensure the success of your application for Saskatchewan small business awards. You can manage your money with QuickBooks Online and create the financial reports you need to apply for the proper funding opportunities and financial resources.
Indigenous Community Business Fund (ICBF)
This fund will provide non-repayable financial support to Métis owned micro-business and businesses collectively owned by MNA Regions, Locals, and Métis Settlements that do not qualify for the Canada Emergency Business Account (CEBA) or other federal support programs.
Eligible Applicants
- Micro and collectively owned Métis businesses.
Métis artists, musicians, crafters, and small producers of products and services
- Eligible Expenses: The non-repayable contributions can be used for operating costs like:
- Salaries and benefits
- Bank fees and interest payments
- Rent and loan payments
- Utilities
- Other applicable operating costs
Read more about Indigenous Community Business Fund
Agricultural Grants
Canadian Agricultural Partnership (CAP)
A financing initiative run by the provincial government, the Canadian Agricultural Partnership (CAP), aims to aid the province’s agricultural sector. To support the growth of the many sectors, including science, research and innovation, environmental sustainability, agri-food processing, markets and commerce, and risk management, this five-year project provides $388 million in federal and provincial funding.
How much is given out?
All Saskatchewan agriculture industry sectors received $388 million in subsidies. The Agriculture Development Fund (ADF) offers $15 million annually for initiatives that fall within this industry. Overall, the amount of funding provided to small businesses depends on how much is offered in that industry and the specifics of the proposed project or venture.
Check out information about Best Small Business Grants in Canada
Conclusion
So, you’ve decided to start a small business, or perhaps you already have one and want to expand it. In either case, you’ll probably need money to move on to the next phase. One approach to getting your small business funded and moving in the right direction is to apply for government-sponsored small business grants in Saskatchewan. You can see the grants mentioned above to kick-start your small business.
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