Yukon Small Business Grants (2024): 100+ Business Grants, Government Loans in Yukon
Category: Funding & Financing, Yukon
Tags: . 2024 business grants, business grants, funding in Yukon
Starting, or growing a small business in Yukon, while exciting, can also be a challenging journey. One of the elements that can have a major impact on the success of your business, is access to funding.
Luckily, the province of Yukon offers a number of great business grants, government loans, tax breaks and incentives to help small businesses and to support entrepreneurs at different stages of their business development.
These business grants and funding options can provide a financial boost that is required to turn innovation into a reality, expand operations and overcome the unexpected challenges of business ownership.
Join us as we explore all available Yukon business grants for 2024.
We will be looking at the regions in Yukon which will be able to provide you with the funding, the different types of funding available, what the funds can be used for, eligibility criteria as well, your access to over 100+ business grants, government loans..etc
Access 100+ Business Grants and Government Loans in the Yukon
Access 100+ Business Grants and Government Loans in the Yukon
Are Yukon Business Grants and Funding Right For You
If you are considering starting a business, or have an existing business in Yukon , you should consider government funding.
Remember, government funding does not meant just borrowing money (via Loan), but utilizing provided funding options such as government grants, incentives, tax breaks, credits..etc, towards the various expenses you may have in order to grow your business.
The benefit of being in Yukon , or the above mentioned regions of Yukon is that the government puts a lot towards the success of entrepreneurship, covering many audience types, including Startups, Women, Immigrants, Youth, Indigenous, Veterans, Minority Owned Businesses, Non Profits, Specific Regions as well as those in Specific Industries.
In other words, if you are a Canadian (or have PR); or are in business with a Canadian Citizen (or PR holder) and in need of funding support, chances are you are eligible for certain Yukon business grants and government funding programs.
With that in mind, you must have expenses that you’d like to cover. Have a look at the below, to see what Yukon small business grants can be used for!
What Can Yukon Small Business Grants Be Used For?
Yukon business grants and funding options can be used to cover a number of startup and expansion costs as you run your business. Here are some of the more commonly used user cases as how to benefit from the available funding:
☑️ To cover the initial startup and/or expansion costs
☑️ To assist you with purchase of tools, equipment and inventory to lower your initial costs
☑️ To help you adopt technology use in your business and get your business online
☑️ To provide you costs for marketing and advertising campaigns, or hire marketing related assistance
☑️ To give you working capital for the every day, day to day expenses
☑️ To cover the cost of wages for yourself, your staff and provide training
☑️ and much more
These are just a few of the expenses that Yukon business grants and funding can be used towards. For a full list, access the Funding Database and take advantage of over 1,500 different options, covering hundreds of possible expenses your business may have.
What are the types of government funding options in Yukon ?
Access 100+ Business Grants and Government Loans in the Yukon
The province of Yukon , including the mentioned local and regional government offices provide a large number of options for small business owners to take advantage of. These options vary from business to business, however the majority will come in the form of business grants, business loans and tax breaks/credits.
While these funds are all government funds, some can be government backed as well (via banks and lenders).
Yukon Business Grants
Business grants, considered free money is often the best form of funding that a business owner can obtain as it can give a business several key benefits, including:
Government grants in Yukon offer several benefits for businesses, including:
- Non-Repayable Funding: These are grants that do not need to be repaid, unlike loans, which helps businesses manage cash flow and reduce financial burden.
- Financial Support: These business grants provide crucial financial support, allowing businesses to invest in growth, innovation, and development without impacting their capital reserves.
- Risk Mitigation: Accessing these business grants reduces the financial risk associated with new projects, research and development, or expansion plans.
- Competitive Advantage: Government grants can enhance a business’s competitive edge by enabling investments in new technology, skilled labor, and market expansion.
- Encourages Innovation: Grants often target innovative projects, helping businesses develop new products, services, or processes that can lead to significant market advantages.
- Improves Credibility: Receiving a government grant can enhance a business’s credibility with investors, customers, and partners, as it demonstrates government support and validation of the business’s potential.
- Access to Expertise: Many grant programs offer additional resources such as mentorship, networking opportunities, and access to industry experts, which can be invaluable for business growth and development.
- Job Creation: These business grants aimed at job creation help businesses hire more staff, contributing to local economic development and increasing the company’s operational capacity.
Yukon Government Loans
Much like traditional bank loans, Yukon government loans are not different in a standard sense that you are still borrowing money, however, government loans have number of key benefits to a business owner utilizing them, including:
- Lower Interest Rates: Government loans often come with lower interest rates compared to traditional bank loans, making them more affordable and reducing the overall cost of borrowing.
- Flexible Repayment Terms: These loans typically offer more flexible repayment terms, allowing businesses to choose repayment schedules that align with their cash flow and financial situation.
- Access to Larger Amounts: Government loans may provide access to larger amounts of capital than other funding sources, enabling businesses to undertake significant projects or expansions.
- Support for Specific Sectors: Many government loan programs are tailored to support specific industries or sectors, providing targeted financial assistance to businesses in those areas.
- Encourages Investment in Innovation: Government loans often support innovation and development projects, helping businesses invest in new technologies, research, and development efforts that can drive growth and competitiveness.
- Boosts Business Credit: Successfully securing and repaying a government loan can help build and improve a business’s credit history, making it easier to obtain additional financing in the future.
- Job Creation and Economic Growth: Government loans can facilitate job creation and contribute to local economic development, benefiting both the business and the wider community.
- Supplementary Support: In addition to financial assistance, government loan programs may offer supplementary support such as business advisory services, mentorship, and networking opportunities.
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Less Stringent Requirements: Government loans may have less stringent eligibility and collateral requirements compared to private sector loans, making it easier for small and medium-sized businesses to qualify
Access 100+ Business Grants and Government Loans in the Yukon
Yukon Tax Breaks / Tax Credits For Small Businesses
One of the easier funding types offered by the government of Yukon and the federal government is the available tax breaks and credits. These tax breaks and credits directly reduce the amount of taxes a business owes, resulting in significant cost savings that can be reinvested into the business.
By lowering tax liabilities, businesses retain more of their earnings, improving cash flow and financial stability. This also can encourage businesses to invest in new equipment, research and development, employee training, and other growth initiatives that might otherwise be cost-prohibitive.
No matter of the type of funding, be it a government business grant, a government loan, or a tax break/credit, as a startup or growing business, you should regularly check available government funding options in Yukon and take advantage of them.
How Much Grant Money Or Funding Can I Get For My Yukon Business
Our Funding Database currently has over 1,500 different funding options available.
A typical business owner in Yukon , starting up, or expanding their business, will be eligible to 4-5 different options. Multiple more options, if regular funding searches are conducted (this is done by our experts for you).
Funding amounts and how much you can get in grant funding varies from business to business, as it is based on your specific funding needs, in accordance to the expenses that you wish to cover.
Currently, for 2024, business grants and funding ranges from $1,000 to $500,000 (larger options are available when combined)
Access 100+ Business Grants and Government Loans in the Yukon
Am I Eligible for the Yukon Small Business Grants?
Based on the current availability of government grants for small businesses in Yukon , there are key factors that can determine eligibility. Not all factors apply to every program, but worth noting to help maximize your access to grants and funding.
☑️Business Location (often your city or region)
☑️Business Type (ie: your industry)
☑️Business Stage, or Business Size (new business, existing business, # of employees and revenue)
☑️Funding Needs (what the funds will be used for)
☑️Economic Impact (what your business can do for the economy; ie: create jobs)
It is important to note: Most cities and regions within Yukon , offer some sort of government business grants and funding options to startups and existing business owners. While not every single business can get funds for every single type of expense, working with a funding expert can unlock potential to these options for you.
As mentioned, using our Funding Database, a typical business in Yukon is eligible to 4-5 funding options!
2024 Yukon Small Business Grants and Funding List – 100+ Options
Government funding options are constantly changing.
New city and regional options are constantly closing; and new incentives are coming in. Staying on top of these funding options is crucial to ensure you don’t miss any business grants and funding options for the rest of 2024.
Below is a list of over 100+ business grants, government loans and funding options that can help your small business in Yukon .
If you wish to consider any of the options, speaking with a qualified expert is recommended – call 1-800-288-9691.
Access 100+ Business Grants and Government Loans in the Yukon
Arts Fund | $500,000 |
The Arts Fund supports group projects that foster the creative development of the arts in the Yukon and support the principles of the Yukon Arts Policy.
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Yukon Tourism Training Fund | $5,000 |
Training can help you advance your tourism career, sharpen your skills, and improve your customers’ experience. The Yukon Tourism Training Fund can help pay for up to 75% of these training costs for individuals or groups.
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Yukon Heritage Training Fund | $7,500 |
To provide funding for short courses and workshops, job-shadowing, mentoring and informal apprentice training for businesses or organizations engaged in the heritage sector.
**Note: The next intake deadline is October 15, 2023 for projects beginning November 1 or later and ending by March 31, 2024. |
Advanced Artist Award | $10,000 |
The Advanced Artist Award (AAA) assists individual Yukon visual, literary and performing artists practicing at a senior level with innovative projects, travel, or educational pursuits that contribute to their personal artistic development and to their community.
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Festival and Special Event Grant | Various Amounts |
The City of Whitehorse provides grant funding and in-kind support to non-profit community groups whoe mandate is to plan special events in the City of Whitehorse.
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Touring Artist Fund | $100,000 |
The Touring Artist Fund (TAF) is for professional Yukon artists and performers. Every year we have $100,000 for touring outside of the Yukon. This fund is open to all artistic practices.
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Yukon Tourism Cooperative Marketing Fund | $35,000 |
A cost-shared program to help Yukon-based tourism businesses to market its Yukon tourism product.
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Northern Business Relief Fund | Various Amounts | Financial support for SMEs in Northern Canada. |
Health Investment Fund | $10,000 |
The Health Investment Fund provides grants to non-profit organizations and community groups who are undertaking short-term projects that will result in the promotion of health and wellness in local communities.
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Cultural Industries Training Fund | $8,000 |
Funding to pay for short-term professional training in the cultural or
creative industry. Eligible sectors include: Film, video and digital media, Visual arts and crafts, Writing and publishing, Music and sound recording, Performing arts and Cultural labour force.<br><br> |
Professional Sound Recording Program | $5,000 | Provides funding for  |
Supported Child Care Program | Various Amounts |
The principal of the supported child care program is to provide additional needed support for children with special needs in child care settings.
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Direct Operating Grant | Various Amounts |
Provides funding to aid child care centres with their operating and maintenance expenses.
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Enterprise Trade Fund (ETF) – Film and Sound Industries | $10,000 |
To provide financial assistance to help Yukon businesses within the Film and Sound industries expand existing markets or identify opportunities in new markets. ETF also aims to support the development of businesses in the Yukon.
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Professional Demo Recording Program | $2,000 |
Assists Yukon sound recording professionals in developing viable careers
and businesses. This program provides funding specifically to create a demo.<br> |
Yukon Film Production Fund | $500,000 |
The Yukon Film Production Fund encourages the growth and development of
the Yukon Film industry by providing non-repayable financial contributions to assist with the costs of producing a film in the Yukon.<br><br> |
Yukon Film Development Fund | $35,000 |
The Yukon Film Development Fund program aims to encourage the growth and development of the Yukon Film industry through the provision of non-repayable financial contributions to assist with the costs of development of film projects in Yukon. You can apply for up to 50% of the actual Yukon expenditures of a film project, to a maximum of $40,000 or 33% of total project expenses (whichever is the lesser).
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Product Development Partnership Program (PDPP) | $25,000 | Funding opportunity for tourism organizations |
Resource Access Road Program (RARP) | $500,000 |
To help resource-based business with road upgrades, culvert and bridge work, and the development of airstrips and docks.
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Yukon Government Construction Contracts | Various Amounts |
In addition to the labour rebate, there are also rebates available for hiring registered Yukon apprentices and Yukon youth on eligible construction contracts of any value. Manufacturers of Yukon products may be eligible to claim rebates for materials they produce that are incorporated into eligible Government of Yukon construction contracts.
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Good Energy rebates- Install a renewable energy system for your home | $5,000 |
Rebates and incentives are available for consumers who purchase and install energy efficient products.
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Yukon Manufacturing and Processing Profits Tax Credit | Various Amounts |
Offer a reduced corporate tax rate to manufacturing and processing businesses in Yukon.
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Goods and Services Purchased by Yukon Government | Various Amounts |
Advice and support is provided by the Contract Services section but individual departments are accountable for developing specifications, evaluating bids, awarding and managing service contracts.
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Voyager Capital | Various Amounts |
Driving innovation and taking risks in creating new markets is exciting. Voyager thrives on working with early-stage entrepreneurs to take this journey together.
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Yukon Research and Development (R&D) Tax Credit | Various Amounts |
For businesses that have incurred costs related to research and development to receive a tax credit of 15% or 20%.
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Support Economic Growth and Diversification | $500,000 |
The Economic Development Fund supports projects and initiatives that provide long-term, sustainable economic benefits to Yukoners and Yukon communities.
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Canada-Yukon Job Grant | $10,000 |
The Canada- Yukon Job Grant provides training grants of up to $10,000 per trainee to assist employers in providing their choice of employees and new hires with the skills training required to do their jobs. The grant funding is meant to facilitate and improve learning and employment transitions.
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NOHC-Investment Grow Stream | $1,000,000 |
The program provides funding to encourage business productivity as well as expansion in Northern Ontario.
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CHOICES Incentive Program | $25,000 |
Financial incentives for businesses to improve safety at the workplace and to help the business meet the minimum Occupational Health and Safety First Aid Regulations.
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Yukon Venture Loan Guarantee Program | $100,000 |
To stimulate economic activity in the Yukon by providing loan guarantees.
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Strategic Investments in Northern Economic Development (SINED) – Targeted Investment Program | Various Amounts |
This program seeks out potential investment opportunities for projects lasting two years in the areas of building an economic knowledge base, enhancing economic infrastructure, increasing the economic development capacity of various organizations, and diversifying the economy throughout the Northern regions.
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Strategic Investments in Northern Economic Development (SINED) – Partnership and Advisory Forums | Various Amounts |
This funding aims to increase the knowledge and skills of various individuals and organizations involved in Northern economic development through increased coordination amongst partners.
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Pitch for the Purse | Various Amounts | Pitch competition win seed funding for female founders |
Funding For Canadian Small Businesses | $300,000 |
Funding is available for Canadian SMEs across numerous industries.
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LaunchPad | Various Amounts |
This program is for businesses in other jurisdictions that want to set up operations in PEI.
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Yukon Small Business Investment Tax Credit | Various Amounts |
Provides a personal tax credit to investors that are willing to invest in eligible businesses in the Yukon.
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Strategic Investments in Northern Economic Development (SINED) – Pan-Territorial Fund | Various Amounts |
The Fund supports projects involving multiple territories (or a territory and one or more provinces) related to areas within the territories to promote inter-jurisdictional cooperation for shared economic interest.
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Entrepreneurship and Business Development Fund | $3,000,000 |
Financial support to Aboriginal entrepreneurs, businesses, and commercial entities to expand their business in Yukon, Nunavut and Northwest Territories.
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Strategic Investments in Northern Economic Development (SINED) – Innovation and Knowledge Fund | Various Amounts |
This Fund supports territorial residents engaged in science, technology, innovation, and research activities in the North.
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Biosecurity Risk Prevention and Mitigation | Various Amounts |
To help implement systems and programs that will allow the territory to identify, manage and mitigate emerging risks to animal and plant health.
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Agriculture Training | $30,000 |
Agriculture Training provides support for the presentation of and attendance at agricultural courses, seminars, workshops, conferences and any other activities that will develop the human resource capabilities of Yukon agricultural agri-food and agri-based products industry.
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Agriculture Development – Yukon | $250,000 |
This program provides funding to develop agricultural projects that enhance regional economic development and contribute to sustainability of our farm community. This program is divided into two categories, one dedicated to the building of community infrastructure, and one dedicated toindividual farms and processors.
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AgriInvest | Various Amounts |
AgriInvest is one of the business risk management programs the Sustainable Canadian Agricultural Partnership (Sustainable CAP)
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Wildlife Damage Prevention and Compensation Program | $15,000 |
Provides assistance to individual producers to deploy preventative measures in order to protect high-value crops and pasture lands against wildlife damage.
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agriculture funding | $250,000 |
The Sustainable Canadian Agricultural Partnership (Sustainable CAP) funds the Yukon’s agriculture and agri-food sector. This is a 5-year cost-shared program funded by the governments of Canada and Yukon.
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AgriStability | Various Amounts |
Payment support if production margins fall below 70% of the reference margin in a given year.
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Food Security Research Grant | $131,000,000 |
The Government of Canada’s Food Security Research Grant is funding Indigenous-led projects that focus on food security and food access inequality in isolated northern communities.
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Northern REACHE Program | $300,000 |
Supporting northern and Indigenous communities in their transition to renewable, sustainable and affordable sources of energy. Northern REACHE is a part of Wah-ila-toos, a new way to improve community access to federal clean energy programming.
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Aboriginal Business Development Program | $99,999 |
To provide residents of the Canadian North with financial assistance to start and grow a business.<br><br>Support will also be offered for business planning, start-up and marketing.
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Innovative Renewable Energy Initiative | $500,000 |
Apply for funding for community renewable energy projects in Yukon
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Entrepreneurship and Business Development (EBD) | Various Amounts |
The EBD fund provides financial support to Aboriginal entrepreneurs, businesses, and commercial entities to expand their business in the three territories. It helps applicants pursue economic opportunities that benefit Aboriginal people.
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Strategic Industries Development Fund | $500,000 |
Apply for funding for business or industry projects that grow Yukon’s economy
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***Community Tourism Destination Development | $375,000 |
Destination development refers to strategic advancement to support the expansion of amenities, facilities, and services that provide unique experiences for visitors and simultaneously contribute to growing a destination’s well-being.
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***Mineral Exploration Program (YMEP) | $50,000 |
The Yukon Mineral Exploration Program (YMEP) is a funding program designed to support individual prospectors and companies exploring for mineral occurrences by reimbursing a portion of the risk capital required to explore. This program is not intended to offset the costs of production.
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Critical Minerals and Emerging Tech | Various Amounts |
Grant funding opportunity to support development of next-generation materials, critical minerals, and end products for a more competitive, modern, and sustainable minerals and materials industry.
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Bioenergy and Circular Economy | Various Amounts |
Grant funding opportunity to support projects focused on renewable fuels, waste conversion and building a circular economy in plastics
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Global Grand Challenges Network | Various Amounts |
Accelerating Catalyzing Solutions for Climate Change’s Impact on Health, Agriculture, and Gender
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Humanitarian Grand Challenge: Transition to Scale | $1,500,000 |
$300,000 CAD up to $1.5 million CAD to fund groundbreaking, sustainable, and local solutions to pressing issues affecting communities touched by conflict
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Grand Challenges Canada – Transition to Scale | $3,000,000 |
$250,000 to $3 M CAD in grant funding for global health innovations
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National Arts Service Organizations | Various Amounts |
Grant funding opportunity for Canadian arts service organizations with mandates to promote and support the arts on a national level.
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Representation and Promotion – Arts Across Canada | $30,000 |
Up to $30,000 of grant funding for travel linked to promotion and the development of new markets for Canadian artists and artistic works.
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Market Access Strategy for Official Language Minority Communities Fund | $60,000 |
Up to $60,000 of grant funding to support Canadian professional artists, arts professionals, artistic groups and arts organizations who self-identify as belonging to an OLMC
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Strategic Innovation Fund: Seed Grants | $25,000 |
Up to $25,000 of seed funding to kickstart small-scale innovation activities that explore and develop capacity, partnerships, and promising innovation ideas.
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Search and Rescue New Initiatives Fund | Various Amounts |
Grant funding for projects that will improve Canada’s search and rescue system
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Canada Digital Adoption Program | $15,000 | Up to $15,000 in grant funding for Canadian SMEs |
R-LABS Entrepreneur-in-Residence | Various Amounts | Funding opportunity for real estate entrepreneurs |
Safe x Connected Cities Accelerator | Various Amounts |
Safe x Connected Cities Accelerator – Funding opportunity for innovative startups
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Arts Festivals and Presenters – Arts Across Canada | Various Amounts |
Grant funding opportunity for Canadian arts organizations to present and exhibit quality art and literary works to Canadian audiences
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Artistic Institutions – Engage and Sustain | Various Amounts |
Grant funding opportunity for major Canadian arts organizations rooted in their communities and dedicated to supporting artists and a variety of arts practices
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Artistic Catalysts – Engage and Sustain | Various Amounts |
Grant funding opportunity for Canadian arts organizations that play a pivotal role in nurturing artistic practices and respond to the evolution of creative communities across Canada
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Thrive Impact Fund | $700,000 | Up to $700k in loan funding for impact driven companies |
Canada-UK Critical Minerals: Sustainability and Circularity | $500,000 |
Up to $500,000 in grant funding for Canadian SMEs looking to start joint R&D projects focused on driving circularity in critical minerals
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Access Support – Strategic Funds | Various Amounts |
Grant funding opportunity for individual applicants who self-identify as Deaf, having disabilities or living with mental illness, as well as groups and organizations that dedicate the majority of their resources towards supporting these communities
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Digital Greenhouse | $50,000 |
Up to $50,000 in grant funding to support short-term projects that leverage digital technology
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Digital Generator | $40,000 | Up to $40,000 of grant funding for artistic groups and collectives |
Cultivate Grants | $250,000 |
Up to $250,000 in funding to implement, pilot and prototype innovation projects that address systemic issues and benefit the broader arts sector.
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GMF funding | Various Amounts |
Grant and loan funding for sustainability projects that help municipalities adopt climate solutions faster
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Newcomer Entrepreneur Accelerator Program | Various Amounts | Accelerator program for newcomer-owned start-ups |
Velocity Fund | Various Amounts | Funding opportunity for innovative startups |
Venture Ready (VR) Pre-Incubator Program | Various Amounts | Funding and mentorship opportunity for early-stage start-ups |
Techstars Remote Accelerator | $120,000 | Funding & mentorship opportunity for innovative startups |
Business purchase or transfer financing | Various Amounts | Financing opportunity for merger and acquisitions |
Financing for tech companies | Various Amounts | Funding opportunity for tech businesses |
Working capital financing | $350,000 | Up to $350,000 in loan funding for working capital |
Climate Tech Fund II | Various Amounts | Funding opportunity for clean tech startups |
Creating, Knowing and Sharing Program | Various Amounts |
Mentorship and grant opportunity for First Nations, Inuit and Métis-owned organisations in the arts industry
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Explore and Create – Research and Creation | $25,000 |
Up to $25,000 in grant funding for artistic organisations to invest in R&D
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Women Entrepreneurship Loan Fund | $50,000 | Funding opportunity for Indigenous women entrepreneurs |
Kensington Capital Partners | Various Amounts | Funding opportunity for innovative startups |
Timia Capital | Various Amounts | Funding opportunity for innovative startups |
League of Innovators Labs Accelerator Program Batch 11 | Various Amounts |
Mentorship and funding opportunity for young entrepreneurial leaders
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Canada-UK: Biomanufacturing of Biologics and Advanced Therapies | $900,000 |
Up to $800,000 in funding for innovative technology that enables flexible, scalable, efficient and cost effective manufacturing of novel biological therapeutic products and delivery systems.
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Good Fashion Fund | $2,500,000 | Funding opportunity for sustainable fashion startups |
Closed Loop Plastics Fund | Various Amounts |
Funding opportunity for startups focused on the recovery and recycling of plastics
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Closed Loop Ventures Group | Various Amounts |
Funding opportunity for innovative startups in the circular economy
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Vevolution Collective | Various Amounts |
Funding opportunity for plant-based and cellular agriculture startups
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The Drive Ventures | $250,000 | Up to $250,000 in funding for innovative startups |
Housing Accelerator Fund | Various Amounts |
Supports the development of complete, low-carbon and climate-resilient communities that are affordable, inclusive, equitable and diverse.
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The Canada Fund for Local Initiatives | $31,000 |
Up to $31,000 in grants for small-scale, high-impact projects abroad
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The Momentum $1,000,000 Challenge | $1,000,000 | Up to $1,000,000 in funding for promising startups |
Canada-Germany Digital Media Incentive | $300,000 | Up to $300,000 in funding for digital media projects |
Canada–France Co-development and Co-production Incentive | $150,000 |
Up to $150,000 in funding for virtual and augmented reality projects
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