Applying for funding from the Economic Development Fund requires the following steps:
Step 1: Determine eligibility
Step 2: Submit a project summary
Step 3: Submit a complete application
STEP 1: Determine Eligibility
In order to apply for funding, the following criteria must be met:
• A Participating First Nation as represented by the authorized governing body of the
• An Economic Development Corporation that has delegated responsibility for economic
development on behalf of the Participating First Nation.
• Any other entity fully or partially owned or controlled by the Participating First Nation
which has a Resolution supporting the application.
• An individual member of a Participating First Nation or business owned by any such
individual who has a Resolution supporting the application.
The Economic Development Fund supports environmentally sound and sustainable economic development activities. Priority will be given to projects that have positive environmental or social impacts, direct or indirect.
Examples of eligible activities include:
• Shellfish aquaculture
• Technology and communications
• Tourism, including cruises and wildlife viewing
• Economic development capital corporations utilizing funding standards consistent with
those of the Economic Development Fund.
• Mushroom harvesting
• Non-timber forest products
• Ecosystem-based management compliant forestry operations
• Non-nuclear and non-carbon burning energy projects
• Green building projects
• Small-scale, non-toxic, subsurface rock, mineral or gem extraction
Non-eligible activities include:
• Activities inconsistent with ecosystem-based management land and resource
• Activities that are not sustainable, with particular regard to fish and wildlife stocks in the
• Activities associated with large scale extraction of subsurface resources
• Fishing licences for stocks targeted for harvest reduction by federal or provincial agencies
• Open net cage finfish aquaculture
• Trophy hunting for game
• Bear and/or carnivore hunting
• Costs related to the consultation and accommodation or statutory duties of governments
• Political activities inconsistent with the Income Tax Act
• Activities inconsistent with the Economic Development Fund’s Constitution
• Activities inconsistent with provincial laws, regulation, determinations or policies.
STEP 2: Submit A Project Summary
A project summary is an overview of the goals, activities, resources, and timing of the project.
Project summaries are accepted throughout the year.
We will review the summary and call you to discuss the project. If the project is eligible, we can assist you in thinking about how to develop a complete application.
STEP 3: Submit A Complete Application
A complete application must contain all three sections below. If your proposed project is a business, a detailed business plan is required. For other types of projects, provide detailed project information.
1. Detailed Business Plan - or -
Business Plan Template - or -
2. Supporting Documents
3. Final version of the Project Summary
Decisions on Awards:
Once your application is complete, it will be reviewed by the Project Review Committee (PRC) and/or the full Board for decision. PRC and/or Board approval is required for all applications.