×
Close

Case Study: How a Processing Company Secured $2.7 Million in Government Grants for a Capital Purchase

Canadian Government Funding and SR&ED Tax Credits > Insights > Case Studies > Case Study: How a Processing Company Secured $2.7 Million in Government Grants for a Capital Purchase
Case Studies
October 3, 2024

Case Study: How a Processing Company Secured $2.7 Million in Government Grants for a Capital Purchase

In today’s rapidly evolving business environment, companies are constantly faced with the need to adapt and innovate. The COVID-19 pandemic brought unique challenges, particularly for businesses in the processing industry, where employee safety became a top priority. This case study explores how Ayming Canada helped a processing company secure substantial government funding for a critical capital purchase, enabling them to meet both production demands and health and safety requirements.

Context and Challenge

Sector: Processing
Funding Category: Capital Purchase

The client, a major player in the processing industry, needed to make a significant investment to implement preventive health and safety measures during the pandemic. To protect their employees from COVID-19 risks, they needed to modify their facility to adhere to social distancing requirements while maintaining production levels. However, navigating government grant programs to secure the necessary funding was a complex task.

Ayming’s Approach

Ayming’s team worked closely with the client to map both retroactive and future expenditures to specific government program focus areas. This process was crucial in identifying which aspects of the project could qualify for funding.

Ayming also handled government correspondence on the client’s behalf, ensuring a smooth and streamlined process. This included justifying expenditures that were initially deemed ineligible and developing a thorough program application along with all necessary documentation.

Given the fast-paced nature of the program (operating on a first-come, first-served basis), Ayming worked under tight timelines to submit a complete and compelling application.

Overcoming Challenges

During the application process, the client’s needs shifted, requiring Ayming to alter the request for funding from post-processing equipment to innovative pre-processing equipment. Despite this significant change, Ayming successfully adjusted the project scope mid-application, ensuring that the revised request still aligned with program requirements.

One of the major hurdles was addressing program reviewers’ initial rejections of certain expenses as ineligible. Ayming provided justifications showing how the equipment would enhance employee safety and mitigate COVID-19 risks—ultimately getting these expenses approved.

Additionally, Ayming conducted a detailed labour analysis per shift, directly relating it to the processing line, and modeled potential COVID-19 cases and alternative workarounds to further strengthen the funding request.

The Results

Thanks to Ayming’s expert guidance and our ability to adapt the project scope, the client was awarded $2.7 million in non-repayable government grants, amounting to 98 percent of their original funding request. This funding enabled them to implement critical safety measures while continuing to meet production demands during a challenging period.

Partner with Ayming for Your Funding Needs

This case study highlights Ayming Canada’s expertise in helping businesses secure government grants and navigate complex funding programs. Whether you’re looking for support in capital purchases or SR&ED tax credit claims, our team can guide you through every step of the process.

Partner with Ayming today and discover how our expertise can help your business unlock significant funding opportunities. Contact us to learn more about how we can help you achieve your innovation goals and maximize your financial returns.

Contact us today!

One of our experts will be in touch shortly.

Show comments

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *