Training is a crucial part of every successful employee’s and manager’s success—and the success of the entire organization, for that matter. Career development, personal growth, and forging a competitive edge are all important factors for keeping employers productive, happy, and ready to help their organization become profitable and penetrate new markets.
That’s why the Canada-B.C. Job Grant exists. This initiative provides government funding for businesses to offset the costs of training, and employers contribute only one third of all costs. There are four primary funding streams under this initiative, but the one with the most funding is the B.C. Jobs Plan Priority Sector. There is $3 million in funding available for eligible organizations and employers to train new or current employees in priority sectors.
The main goal of this funding is to encourage employer involvement in training efforts, so that skills are increasingly aligned with relevant job opportunities. This will make it simple for B.C. residents to secure the assistance they need to quickly find and hold high-quality jobs.
Eligible applicants include individuals from British Columbia’s private and non-profit sectors acting on behalf of employers. Eligible organizations acting on behalf of employers include non-profit industry associations or societies, non-profit employer associations, union halls, joint training boards, or Aboriginal organizations. Priority sectors include the following:
- Aboriginal peoples and First Nations
- Mining and Energy
- Natural Gas
- Small businesses
- Technology and a green economy
Employers should fall under one of these categories, but they might qualify under other streams if they do not. Employers must be registered on the Corporate Registry under B.C. Registry Services for a minimum of a year when they apply. They must meet any commitments to the province under any former Canada-B.C. Job Grant opportunities.
All employers must have an available job in the province of British Columbia for the participant after they complete their training.
Important sectors with recent funding allocations
There are currently two key sectors that this funding initiative focuses on—technology and contract logging. The government of B.C. allocated $500,000 to assist employers in the technology sector to introduce new training regiments for their staff. Technology employs 86,000 people in B.C., outdoing the overall provincial economy for eight of the last ten years. Focus areas for applicants include life sciences, biotechnology, digital media, clean technology, communications technology, and engineering.
The government also allocated an additional $250,000 towards the contract logging industry to train current and future talent. Forestry is an ever-growing sector, and this investment will help ensure the future success of this industry by providing it with the talented employees it requires to gain the competitive edge in the global forestry market.
Available funding amounts
As mentioned, this initiative provides government funding that covers up to two thirds of project costs.
The maximum grant for each individual participant is $10,000. Employers in priority sectors can receive up to $250,000, while applicants in the technology sector can receive up to $50,000.
Having the B.C. Jobs Plan on your side is a smart move—you can secure government funding so your business can train world-class employees for one-third of the cost. It’s a win-win for everyone involved. That said, the time to act is now. All training must start on or before March 31st, 2016. Get in touch with our team of expert grant writers at INAC Services and we can help you get your application started!