What is NL Business Investment Program (BIP)?
NL Business Investment Program (BIP) is delivered by Government of Newfoundland and Labrador - Dept. of Jobs, Growth and Rural Development (JGRD) as a loan. Funding is typically repayable term loans at Bank of Canada rate + 0.5% (amounts set case by case). This page covers eligibility, intake status, and what an application actually requires.
At a glance
| Funding amount | Repayable term loans at Bank of Canada rate + 0.5% (amounts set case by case) |
|---|---|
| Cost share | Variable |
| Level | Provincial |
| Program type | Loan |
| Delivered by | Government of Newfoundland and Labrador - Dept. of Jobs, Growth and Rural Development (JGRD) |
| Available in | NL |
| Intake status | Open - no published intake window; confirm availability with JGRD before relying on it |
| Last verified | 2026-10-19 |
Who qualifies
- Eligible industries: All NL sectors with growth potential
- Employee count: max 100
- Eligible activities: Strategic business growth, export expansion, and capital investment for NL SMEs in JGRD strategic sectors (fewer than 100 employees and under $10M in sales)
Watch out for
No NL job creation; outside NL
Deadlines & how to apply
Repayable term loans for NL SMEs in JGRD-defined strategic sectors, or with export potential. Complements conventional financing where a need is shown. Apply with the Application for Commercial Programs PDF; contact economicdevelopment@gov.nl.ca or 709-729-2480. Page lists no intake dates or caps. Equity investment is no longer mentioned on the official page.
How NorthGrants helps with NL Business Investment Program (BIP)
Most business owners read about NL Business Investment Program (BIP), see the funding amount, and stop. The hard part isn't finding the grant. It's building a complete application that answers what the program asks for.
NorthGrants builds the full application framework for you: a tailored project narrative aligned to this program's evaluation criteria, a budget structure that maps to eligible costs, and the supporting documentation checklist. You review it, refine the parts only you can write, and submit.