What is NL Business Investment Program (BIP)?
NL Business Investment Program (BIP) is delivered by Government of Newfoundland and Labrador - Dept. of Industry, Energy and Technology as a loan / equity. Funding is typically term loans and equity investment. This page covers eligibility, intake status, and what an application actually requires.
At a glance
| Funding amount | Term loans and equity investment |
|---|---|
| Cost share | Variable |
| Level | Provincial |
| Program type | Loan / Equity |
| Delivered by | Government of Newfoundland and Labrador - Dept. of Industry, Energy and Technology |
| Available in | NL |
| Intake status | Open - rolling |
| Last verified | 2026-06-16 |
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 (generally fewer than 100 employees and under $10M in sales)
Watch out for
No NL job creation; outside NL
Deadlines & how to apply
Provincial Business Investment Program (term loans and equity) for NL SMEs pursuing strategic growth and export expansion. Apply through the Dept. of Industry, Energy and Technology.
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 an application that actually wins.
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.