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Investment Readiness Program

Program Category: Clean Energy, Climate Adaptation
Program Sub-Category: Food Security, Economic Development, Innovation
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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)

The Investment Readiness Program invests in the development of targeted strategies and tools to support economic diversification and investment attraction. The program the Trust actively engages with communities to support their evolving needs as they move along a continuum of economic development capacity building. The Program has six funding streams:
 
  • Economic Development Strategy
  • Quick Start
  • Technology Attraction Strategy
  • Sector Development
  • Investment Attraction
  • Regional Collaboration

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
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.