Comments on Funding:
Contributions to businesses will be either:
- be non-repayable contributions up to $100,000 for up to 50% of eligible costs; or
- fully repayable contributions up to $500,000 for up to 75% of eligible costs.
Not-for-profit organizations and Indigenous entities (not generating profits) will be eligible for non-repayable contributions.
Project contribution amounts would not exceed $500,000. The actual contribution amount will be based on the minimum amount required to carry out the project.
A business cannot receive a combination of a non-repayable and a repayable contribution for the same project.
Under the fund, a minimum of $50 million will specifically support Indigenous tourism initiatives. The maximum level of total government funding (municipal, provincial and federal) is 100%.
Applications can be completed and submitted electronically, or printed and sent to the nearest FedNor office.
The results of the Application review will be communicated to applicants electronically or in writing.
Upon initial review of the Phase One Application for Financial Assistance, applicants will be invited to submit a Phase Two Detailed Application, Annex and provide supporting documentation.
Other Things to Note:
- With a budget of $500 million over two years (ending March 31, 2023), including $50 million specifically dedicated to Indigenous tourism initiatives and $15 million for national initiatives, this fund will position Canada to be a destination of choice when domestic and international travel is once again safe.
- Applications will be accepted and funded on a continuous intake basis over the next two years or until such a time as the allocated funding is fully distributed.