Grants

Description

The CAPITAL Programs support the development of a wide range of strategic economic development, diversification and innovation initiatives.

DIVERSIFY – Capital and Innovation Program

Helps deliver vital regional and community-based assets, amenities and services to support sustainable economic diversification and growth, as well as enhanced quality of life in targeted sectors.

Funding streams include Business and Industry Support, Downtown Revitalization, Strategic Tourism Infrastructure, Destination Trails, Innovation Infrastructure and Innovation Support.

Eligibility

• Local and Regional Governments
• Indigenous Communities
• Non-profit Societies
• Community Contribution Companies (C3)
• Other non-profit organizations involved in economic development such as airport authorities, harbour authorities, industry associations, sectoral organizations or educational institutions

Funding

Eligible applicants may receive non-repayable grants for up to 50% of total project costs, up to a maximum of $300,000 (subject to eligibility and funding stream). All funding allocations require matching funding. ICET recognizes that some communities may face more financial challenges than others and has developed three levels of matching funding:

•  (up to 50%), which is intended for smaller, remote and formerly resource dependent communities;
• (up to 33.3%), which is intended for rural and smaller urban communities that are experiencing relative growth and economic prosperity;
• (up to 25%), which is intended for larger, urban communities, communities experiencing advantageous economic and growth opportunities and for community contribution companies and public private partnerships

How to Apply

The application form and all supporting documents should be submitted electronically to: [email protected].