Export Funding NB

By mmuise
Description:

Export Funding NB provides financial assistance to help New Brunswick SMEs increase sales outside the province.


Comments on Funding:

1. Funding is a contribution of up to 65% of eligible costs, to a maximum contribution of $15,000.
2. Total project costs must be more than $5,000 to apply for assistance.
3. For the minimum project size of $5,000, the reimbursement would equal $3,250; for a project of 23,076.92 or greater, the maximum reimbursement would be $15,000.
4. At least 35% of the total project costs must be provided by the Applicant.

Deadline: Currently accepting applications
Eligibility:

Applicants must:

  • have their Head Office registered and operating in New Brunswick;
  • be exporting or planning to export;
  • have a Canada Revenue Agency (CRA) business number;
  • demonstrate an increase in revenue, profit, or workforce in the past two years and that the proposed activity will improve export performance.
  • be industry sectors, except retail/wholesale, real estate, government services, personal or social services and softwood lumber.
  • Professional services such as marketing firms, creative agencies, business or fitness coaches are generally not considered eligible applicants; however, they may be considered if the project represents a unique and/or strategic opportunity with potential economic benefit to NB.
  • Consultant travel and trade show attendance fees are not eligible.
Application Steps:

Applicants must complete the online application form and demonstrate that they comply with the program’s objective and guidelines.

Documentation Needed:

Applicants must submit:
1. the completed application form;
2. consultant proposal(s); and
3. other supporting documents.

Other Things to Note:

Export Funding NB combines the former Export Market Access Program, E-Tools for Exporting and Exporters NB into one streamlined program. The program covers specific incremental activities provided by consultants or agencies such as:
1. Market research;
2. Export plan or strategy development;
3. Lead generation and sales activities;
4. Export focused website additions and SEO;
5. Digital ads or social media strategy;
6. Coaching;
7. and more.

About the author
mmuise