Case Study: How a Press Manufacturer Secured $738,000 in Government Grants for Facility Expansion and New Product Launch

Expanding product offerings and scaling operations are essential steps for manufacturers to meet customer demands and stay competitive. This case study examines how Ayming Canada helped a press manufacturer client secure vital government funding to support a four-year facility expansion and the acquisition of new equipment for a product line expansion.

Context and Challenge

Sector: Press Manufacturing
Funding Category: Facility Expansion & Capital Purchase

The client, a press manufacturer, was preparing to expand their existing facility and invest in new equipment to support a new product line. However, due to the lengthy, multi-year nature of the project, they faced challenges in budgeting and estimating the overall costs. While the expansion was necessary to meet increasing customer demand, the client was unaware of any potential government funding options to support the initiative.

Ayming’s Approach: Press Manufacturer

Understanding the client’s need for a reliable budget, Ayming’s team worked closely with them to estimate project costs. This included developing a comprehensive budget, and finalizing the project scope. This was essential in aligning the project with potential government funding opportunities.

Once the budget and scope were in place, Ayming evaluated various grant programs and moved forward with an economic development grant application that best fit the client’s needs. We handled every step of the application process, ensuring it met all government criteria, and assisted with all necessary government correspondence to keep the process streamlined.

Maximizing Funding Potential

One key to this project’s success was Ayming’s thorough review of all qualifying expenditures. Initially, the client had only considered direct costs eligible for funding. However, our experts identified several indirect costs that qualified as well. This significantly increased the client’s total eligible expenses and boosting their funding potential.

The client was not expecting government funding to be available for this project, and Ayming’s ability to secure substantial support was both a surprise and a relief.

The Results

With Ayming’s expertise, the client was awarded $738,000 in non-repayable grant funding, covering 10 percent of their total project costs. This funding enabled them to move forward confidently with their facility expansion and equipment purchase, setting the stage for a successful new product launch.

The client was so impressed by this outcome that they have since referred Ayming to other businesses and have continued to engage us for additional grant applications related to this and other projects.

Partner with Ayming for Funding Success

This case study showcases how Ayming Canada’s expertise in government funding can empower businesses to unlock significant financial support for complex, multi-year projects. Whether you’re expanding your facility, launching a new product line, or purchasing essential equipment, our team is here to help you navigate the funding landscape and maximize your financial returns.

Partner with Ayming today to discover how we can assist with your funding needs. Contact us to learn more about how we can support your strategic projects and help you achieve your growth goals.