Every spring, the start of a new government fiscal year (April 1 in Canada) typically brings a refresh across the government funding landscape. Budgets are released, program allocations are updated, and departments begin implementing revised mandates. For businesses that rely on funding to support innovation, expansion, or workforce development, this can be a time of renewed opportunity, but also uncertainty.
This year, however, things are moving more slowly than usual. A mix of political transition and global economic uncertainty has tempered the usual momentum.
What Typically Happens at the Start of a New Fiscal Year
1. Program Renewals and Launches
Many programs operate on an annual cycle. Agencies typically relaunch existing initiatives, often with updated criteria, timelines, or budgets, and begin rolling out new programs announced in federal or provincial budgets.
2. Budget Confirmations and Internal Approvals
Even after public announcements, internal approvals and funding disbursements can take weeks. Applications for some programs don’t open immediately after April 1 and timelines vary significantly across departments.
3. Increased Engagement from Program Officers
With new fiscal resources available, program officers usually re-engage with applicants, host info sessions, and begin outreach to raise awareness. This is often a good time to connect with your contacts or advisors for early guidance.
What’s Moving—and What’s Not
Despite slower progress overall, some programs have started rolling again. Agencies with funding already secured, such as the Canadian Agri-Food Automation and Intelligence Network (CAAIN) (See 2025 Funding Challenges) and the Global Innovation Clusters (e.g. Protein Industries Canada, NGen), have issued calls for proposals for the 2025–2026 fiscal year. Other agencies, like NRC IRAP, have started taking calls for new projects as usual. However, broader federal programs, particularly those managed by Regional Development Agencies, have yet to announce new intake periods or their new priorities. The delay suggests a possible rethinking of how these programs will support Canadian businesses in today’s uncertain climate. Companies planning to apply for growth and expansion funding may find themselves in a temporary holding pattern.
Why Are Things Slower Than Usual?
This year’s delays aren’t just seasonal—they’re structural. Several key factors are at play:
- April Federal Election
The timing of the election, right at the start of the fiscal year, disrupted normal funding cycles. While some programs were shielded by prior approvals, many departments paused or delayed launches pending new government direction. - New Government, New Priorities
With changes in leadership and ministerial mandates, departments need time to review existing programs and align future ones with the new government’s platform. - No Spring Federal Budget
The most significant shift: the federal government has opted not to release a full spring budget in 2025. Instead, they’ll issue a fall economic statement.
What You Can Do Now
If you’re planning to apply for funding this year, being proactive is critical. Preparation now could mean the difference between securing funding, or waiting months for the next intake.
- Get Your Materials Ready Early
Pull together business cases, project summaries, financials, and supporting documents now, so you’re ready to move quickly when applications open. - Focus on Active Programs
Look to initiatives like CAAIN and the Global Innovation Clusters, which are still accepting proposals. If these align with your goals, they can be excellent opportunities. - Explore Provincial and Private Funding
Many provinces have kept to their timelines, and there’s increasing interest from private funders, especially in areas like cleantech, AI, and digital adoption. - Stay Alert for Fall Announcements
The fall economic statement will likely bring a flurry of updates. Be prepared for programs to open quickly, and with little notice.
Need Help Planning Around This Year’s Delays?
We’re closely tracking funding updates and can help you develop a tailored strategy. Whether you’re targeting federal, provincial, or sector-specific programs, we’ll help you build a strong, timely application, so you’re ready when funding doors open.
