How does Canadian government export grant funding help small businesses to increase sales?

In this article, you will find out about the benefits of exporting and how the Canadian government export grant can help you in this journey. Suppose you’re a Canadian small-to-medium-sized business owner who wants to grow your company. In that case, you may be facing some challenges. Perhaps you don’t know what the next and best move is.

One of the best ways to grow your business is to sell internationally and expand your reach beyond Canada’s borders. If you don’t currently export your products internationally, what’s holding you back?

In This Article You Will Read:

• Why is exporting worth the effort?
• What are the obstacles to exporting?
• Are you tapping your local resources?
• What is the solution?
• What are the Canadian government export grant fundings for small businesses?
• It is better to think again!

If growth and increased revenue is your goal, exporting is vital. It would be best to reach more people to make more sales and build your brand’s profile internationally.

Small businesses with international sales are %17 more profitable and more likely to develop a longstanding economic status than those with only domestic sales.

Statistics show that businesses with global sales are more sustainable during economic ups and downs. There are bigger markets than Canada, so exporting is essential for growth. Also, no doubt that made-in-Canada products and services have international appeal.

Though there are some obstacles to overcome along the way, it is definitely worth the effort and the investment to sell abroad.

• Unaware of the opportunities

  The statistic shows that the most significant barrier that small business owners face is not knowing that they can export. In other words, they may not know that there are opportunities for them to grow internationally and tools available to assist them.

  Export Grant offers a consultation that helps make exporting manageable for small-to-medium-sized Canadian businesses – and profitable.

• Unprepared financially

  There’s no need to venture and take the risk into this new world alone. There are many excellent resources designed to assist Canadian small businesses planning to export products or services.
  Obtaining financing for exporting is wise. There are costs to export internationally – from finding a new target market to market research and the costs of finding a sales partner.

  The Canadian government export grant offers valuable financing opportunities to Canadian businesses to export their goods and services without hesitation and prepare for the unexpected.
  But many Canadian companies don’t seek out financing. Instead, they start their exporting journey without a safety net, which is not advisable and can lead to disaster.

• A changing environment

  Another challenge is an ever-changing trade environment. The global economy is constantly evolving, introducing both new opportunities and potential blocks for Canadian businesses.

  When Covid19 started, as we’ve all recently observed here in Canada, policies change, and trade agreements are revised.
  Luckily, companies like ExportGrant are here to help businesses. We keep updating them on the fundamental changes and ensuring the businesses are equipped to handle the evolving environment.

Developing a growth strategy for export projects and scaling the business into a globally competitive firm takes considerable knowledge and financial resources for small enterprises.

Several organizations, programs, and services are designed to give Canadian companies help to grow and sell internationally.

The Canadian government export grant funding is a significant step towards sustainable and achievable international expansion.

To take advantage of the available opportunities, obtain the assistance and guidance you’ll need to expand your business successfully; you need to know where to look.

Some business owners know about available Canadian government export grants for SMEs – but don’t know how to apply. And some others aren’t even aware that there are grants out there to support them!

So, what is the reason not to apply? As in so many aspects of everyday life, the fear of rejection can be a barrier.

In the case of government grants for SMEs, the ExportGrants’ expert team with a precise pre-qualification process leads to a significantly high approval rate.

They have done successful projects in various industries. Because of their deep understanding of funding, strategic planning, and international sales/marketing to find out the best funding programs for your export projects.

Their expert team of funding application writers figures out the best ways to see your application through to success.

The most popular government financial grants for small businesses that the ExportGrant team of experts specifically focused on are the CanExport program and Creative Export Canada.

These two international market expansion grants can cover a significant portion of your export marketing, global branding, and international digital marketing expenses.

• CanExport

  This Canadian government export grant is up to $75,000 to cover a significant portion of the international marketing expansion costs.
  CanExport offers financial assistance to eligible Canadian small and medium-sized businesses to reduce their risks on entering new markets. Applicants can apply for funding multiple times.

• Creative Export Canada

  Creative Export Canada is a government funding support program that offers up to $2,500,000 funding grant contribution for projects that generate export revenues and help Canadian Creative Industries reach more people worldwide.

   

  The first step is to find out whether your company is eligible for any Canadian government export grant. Then discover from which one of the programs your business might benefit. Last, make sure that your export project activities are matched to the eligibility criteria of the grant funding program.

Canadian small-to-medium-sized enterprises are essential to the Canadian economy.

However, it concerns that only 10 percent of SMEs are currently tapping into international markets and supply chains. Growing your business and export internationally is a great move for your business.

You need to get started! Book an hour of the complimentary call for a consultation with our professionals in ExportGrant.

Find out more about the Canadian government export grant. It can be your starting point!