Comments on Funding:
Funding is in the form of a conditional contribution of up to 50% of total eligible project costs to a maximum of $200,000, out of which:
- marketing for new products and business initiatives are limited to a maximum of 20% of all other eligible project costs, or $75,000, whichever is less;
- training costs incurred with third parties are limited to a maximum of 20% of all other eligible project costs.
Combined federal and provincial government funding may not exceed 50% of eligible project costs.
Funding for each project is determined by the NOHFC Board of Directors, and limited funding is available. Not all projects meeting the criteria will necessarily receive funding.
The applicant is expected to secure balance of funding/financing necessary to implement the project.
The applicant may be required to reimburse NOHFC if assets financed by NOHFC are sold after project completion.
The applicant must:
NOHFC will contact the applicant in 2 to 4 weeks!