Community Climate Funding logo Community Climate Funding logo
Skip to navigation Skip to Contents Skip to Accessibility Statement
Home Indigenous Communities Local Governments Helpful Resources Deadline Tracker For Funders News & Updates Contact Us Regional Programs
Menu
Search for Funding

Investment Readiness Program

Program Category: Clean Energy, Climate Adaptation
Program Sub-Category: Renewable Energy, Food Security, Economic Development, Innovation
Export to PDF
Status: Open

Funder

Island Coastal Economic Trust (ICET)

Deadline Details

Continuous Intake

Funder Organization Type

  • Trust

Regional Limitations

This is a regional program and only supports communities in its service area.

(See the Map)

Through the Investment Readiness Program, the Trust invests in communities of all sizes to undertake vital local and regional initiatives that will attract new investment, build long-term economic development capacity, and provide value-added services or systems for local businesses. The Trust can provide up to $30,000 to cover up to 50% of eligible costs through four funding streams: project development, sector development, economic development strategies, and regional collaboration. Primary Goals 

  • Empower rural and First Nations communities to develop and derisk large-scale projects by producing investment-ready capital expenditure and business plans.

  • Form long-term economic development strategies with communities that have not created an economic development strategy in the past ten years.

  • Develop new and emerging sectors within the coastal economy by focusing on innovation, technology, and natural resource stewardship.

  • Spur regional initiatives focused on sustainable development opportunities among multiple First Nations governments, local governments, non-profits, and the private sector. 

Eligible Community

  • Local and Regional Governments
  • Indigenous Communities
  • Non-profit Societies
  • Industry Associations and Sectoral Organizations 

Regional Limitations

Yes (See the Map)

Funding Stacking Restrictions

No

Professional Input Required

No

Other Eligible Applicants

Indigenous Economic Agencies
Indigenous Organizations
Non-governmental Organizations / Not-for-Profits
Economic Development Agencies
Academic Institutions

Type of Funding

  • Non-repayable Contribution

Range of Funding Available per Project

  • Under $100 000

Description of Funding

Up to $30,000 to support economic development capacity building and investment readiness. 

Percentage of Project Funded

Up to 50% 

Eligible Costs

Planning
Community Engagement
Project Management
Capacity Building for the Community

See Application Guidelines for details. Varies by funding stream. 

Ineligible Costs

Any costs incurred prior to signing a funding agreement
Building Purchase Costs
Administration Fees
Staff Costs
Land Acquisition

See Application Guidelines for details. Varies by funding stream. 

Reporting Requirements

Final report only

Expected Timeframe for Funding Decision

2 months

Final decision within 60 days of receiving a complete application.