Saskatchewan Lean Improvements in Manufacturing (SLIM)
Highlights
This program offers up to $750,000 in funding for your agri-business. This funding can be used for important investments that enhance productivity and efficiency. Picture using these funds for automation or upgrading your equipment—both of which will help you reduce greenhouse gas emissions. With this cost-sharing rebate, you won't have to shoulder the entire financial load, making it more feasible to innovate and modernize your operations.
By applying, you position your business for growth and success while also advancing toward a more sustainable future. Not only will your operations improve, but you'll also be making a positive impact on the environment. The beauty of this program is that it is open to businesses of all sizes and structures, ensuring that there's no unnecessary barrier between you and this valuable funding opportunity.
Don’t miss the chance to leverage this support to drive your business forward and help create lasting changes in your industry. Applying is straightforward and designed to be accessible. You have everything to gain and a better future to build.
Financing Details
Type of Financing
The financing offered through this program is in the form of cost-sharing rebates. This means that the program helps cover a portion of your eligible expenses while you cover the rest. It's a great way to minimize upfront costs while you invest in improvements for your business.
Repayment Terms and Interest Rates
There are no repayment terms or interest rates associated with these rebates. Since the funds are provided as a rebate rather than a loan, you won't need to worry about paying them back. It’s a straightforward way to receive financial assistance without the added burden of debt.
Eligible and Ineligible Expenses
You can use the funds for a variety of eligible expenses, such as:
- Automation costs
- Sustainable manufacturing investments
- New or upgraded equipment
However, keep in mind that funds cannot be used for general operating expenses or any costs that do not directly relate to eligible activities. Also, there are no fees associated with the program, so you can focus entirely on maximizing the benefits for your business.
Qualifications
- Location: Must be based in Saskatchewan.
- Sector: Must be an agri-business.
- Employee Count: No minimum or maximum number of employees required.
- Company Revenue: No minimum or maximum revenue qualifications.
- Legal Structure: Eligible regardless of legal structure.
- Profit Structure: Eligible regardless of profit structure.
Disqualifications:
- None mentioned in the context provided.
Description
This program offers up to $750,000 in funding for your agri-business. The money can help you invest in new technologies and best practices that improve your productivity and efficiency. You can use these funds for things like automation or upgrading your equipment to reduce greenhouse gas emissions.
The funding acts as a cost-sharing rebate, which means it helps cover your eligible expenses. This allows you to invest in your business without carrying the full financial burden. There are no set minimums or maximums for revenue or employee count, making it accessible for businesses of all sizes.
By participating, you not only position your business for growth and innovation, but you also contribute to a more sustainable future. This is a chance to enhance your operations while making a positive impact on the environment.
Program Steps
Gather Required Documentation
Prepare the necessary documents for your application. You'll typically need:- Proof of business registration
- Financial statements (last three years)
- A detailed project proposal outlining how you will use the funding
- Estimates or quotes for equipment or technology upgrades
- Environmental impact assessment (if applicable)
Complete the Application Form
Fill out the application form, ensuring all sections are accurately completed. Provide clear and concise information.Detail Your Project Plan
Include specific details on the technologies or practices you plan to implement. Highlight how these changes will improve productivity and reduce emissions.Review and Finalize Your Application
Double-check your application for completeness. Make sure all required documents are attached and all information is accurate.Submit Your Application
Send your completed application and documentation to the designated program office. Ensure to keep a copy for your records.Follow Up
After submitting, follow up with the program office to confirm receipt and inquire about the next steps in the evaluation process.