Type of Program:
Grant & Loans
The Emissions Reduction Fund (ERF) – Onshore Program features repayable and partially repayable contributions with flexible five-year payback period options for projects that aim to reduce greenhouse gas emissions, as well as partially repayable contributions for projects that aim to eliminate emissions.
Comments on Funding:
Funding will take the form of repayable contributions similar to interest-free loans of a minimum of $100 thousand and a maximum of $20 million per company. ERF funds up to 75% of total project cost with the option to stack with funding up to 90% from other sources, such as provincial programs.
Terms and conditions:
When It Ends:
Intake period one now closed
Intake period two to be announced
Academic institutions must:
Projects eligible for repayable contributions are those that reduce methane emissions Projects eligible for partially repayable contributions are those that eliminate methane emissions. All projects should be completed by March 31, 2023.
Applicants can access the application form from the ERF website and are required to register with . This web-based platform is designed to make applying easier, while helping to streamline the assessment of applications.
Each company can submit one proposal per intake period. Each proposal may include multiple projects at multiple facilities.
All projects should be completed by March 31, 2023.
Applicants must submit a completed on-line Application Form to the ERF under the specified intake period and the following documentation:
- 1engineer certified Baseline Opportunity Assessment (BOA) or equivalent;
- 2proof of Business Incorporation, Articles of Incorporation or Registration;
- 3Business Plan for proposed project(s), which must include:
Note that the Business Plan is required in addition to the BOA or equivalent, unless the Business Plan includes all the required information contained within the BOA.
- 4financial statements as follows
- 5company’s Budget and Cash Flow Forecast for the next two fiscal years. Please include analysis of the potential risks impacting the financial performance anticipated and major assumptions used to prepare the Budgets and Cash Flow Forecast.
- 6background information about the company, this may include a brief history of the company, a description of the services and expertise offered by the company, as well as the mission and vision;
- 7completed Section 5 of the Application From: Applicant Attestations;
- 8completed Appendix A of the on-line Application Form: Key Milestones of the project(s) or equivalent (Refer to Appendix A: Key Milestones of the Project(s)); and,
- 9if the proposed project(s) applies to multiple facilities, provide a document with the relevant facility identification numbers and corresponding provinces if not otherwise specified in the in on-line Application Form.
Other Things to Note:
The Emissions Reduction Fund provides primarily repayable funding to eligible onshore and offshore oil and gas firms to support their investments to reduce GHG emissions by adopting greener technologies and help maintain jobs in a time of economic hardship and uncertainty.
Announced by Prime Minister Justin Trudeau in April 2020, the fund provides up to $675 million to eligible onshore oil and gas companies to invest in green technologies to reduce methane emissions.
Intake period two will open in the first quarter of 2021.
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe’s background and how he can help your business.