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Case Study: How an Automotive Manufacturer Secured $750,000 in Government Grants for Facility Expansion and Equipment

Canadian Government Funding and SR&ED Tax Credits > Insights > Case Studies > Case Study: How an Automotive Manufacturer Secured $750,000 in Government Grants for Facility Expansion and Equipment
Case Studies
October 17, 2024

Case Study: How an Automotive Manufacturer Secured $750,000 in Government Grants for Facility Expansion and Equipment

The automotive manufacturing industry is highly competitive. It often requires companies to continuously innovate and expand their operations to stay ahead. This case study explores how Ayming Canada helped an automotive manufacturer secure critical government funding for two key reasons. To support a large facility expansion and for the acquisition of advanced equipment, positioning them for future growth.

Context and Challenge

Sector: Automotive Manufacturing

Funding Category: Facility Expansion & Capital Purchase

The client, an established automotive manufacturer, faced the need to expand their facility by 18,000 square feet to accommodate a new 1000-ton press. This expansion was essential to improve productivity, foster innovation, and increase their export business. However, to proceed with this ambitious project, the client required significant government funding.

Given the competitive landscape in their industry, securing this funding was crucial. Particularly since many of the client’s major competitors had already obtained similar grants. The challenge was clear: the project needed to be approved for funding before any work began. This would ensure the client did not miss out on this vital opportunity.

Ayming’s Approach

Ayming Canada worked closely with the client to identify and apply for the most suitable provincial grant program. Timely submission of documentation was key, as the approval needed to come through before the project could start.

Our team collaborated with the client’s internal departments, including technical staff, HR, and finance, to gather the necessary information. This cross-functional collaboration ensured that every aspect of the application was meticulously prepared. We also worked to streamline the process, minimizing the burden on the client’s team while gathering the substantial documentation required for the submission.

Overcoming Hurdles

This particular project marked the first time the client had successfully secured provincial funding. Previous applications had been denied. With Ayming’s guidance and expertise, we ensured the application was thorough, timely, and aligned with the grant program’s requirements.

A major risk was the timing of the application. If the project had begun before the funding was approved, the client would have been at risk of losing eligibility for the grant. Our proactive approach ensured that the application was approved before any work started. This ensured the client avoided the risk entirely.

The Results

Thanks to our strategic guidance, the client was awarded $750,000 in non-repayable grant funding. This was a significant boost that helped make their facility expansion and equipment purchase a reality. The success of this application positioned the client to enhance their productivity and innovation potential. It also gave them a competitive edge in the industry.

The client was so pleased with the outcome that they have since worked with Ayming on additional grant funding applications, all of which have been approved.

Partner with Ayming to Secure Critical Funding

This case study illustrates how Ayming Canada’s expertise in government funding can help businesses like yours secure the necessary support for facility expansions, equipment investments, and more. Whether you’re in automotive manufacturing or any other industry, our team can guide you through the complex application process and maximize your chances of success.

Partner with Ayming today and let us help you unlock the funding you need to drive growth and innovation in your business. Contact us to learn more about how we can support your strategic goals and secure financial returns.

Contact us today!

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