Community Capacity Fund
Highlights
This program is designed for you because it supports your business in strategic planning and capacity building, which are crucial for sustainable growth. By participating, you can access professional services like engineering, architectural services, marketing, accounting, financial management, strategic planning, feasibility analysis, and market research.
What You Get
- Support for strategic planning and capacity building to identify and execute strategic opportunities.
- Sector development assistance to promote competitive and productive industry sectors.
- Community competitiveness and infrastructure support to create a business-friendly environment.
Why Apply?
- Access to expert services that can help you make informed decisions and investments.
- Enhanced community engagement and partnership opportunities.
- Improved infrastructure planning to support economic activities.
This program offers a unique opportunity to strengthen your business's strategic capabilities and ensure long-term success. It is designed to be accessible and beneficial, making it easier for you to qualify and reap the rewards.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- This is a grant, so there are no repayment terms or interest rates.
Eligible Expenses:
- Engineering services
- Architectural services
- Marketing
- Accounting
- Financial management
- Strategic planning
- Feasibility analysis
- Market research
Ineligible Expenses:
- The funds cannot be used for operational costs, salaries, or any expenses not directly related to strategic planning, capacity building, or sector development.
Fees:
- There are no fees associated with this grant program.
Qualifications
- Must be a not-for-profit organization, Municipality, or Indigenous Community.
Project must demonstrate a clear and direct economic impact for Prince Edward Island.
Disqualifications:
- Businesses that do not operate in Prince Edward Island.
Description
This program offers funding to help your business grow and thrive. You can receive financial support for various professional services such as engineering, architectural services, marketing, accounting, financial management, strategic planning, feasibility analysis, and market research.
The goal is to boost your business's strategic planning and capacity building. This means you can use the funds to identify and develop new opportunities, ensure investments are well-planned, and create sustainable communities. It also helps you engage stakeholders and strengthen partnerships.
By participating, you can promote the development of competitive industry sectors and support infrastructure planning. This creates an environment that fosters business growth and innovation. The program is designed to help you make strategic investments that lead to further economic activities, ensuring your business remains competitive and productive.
Program Steps
Gather Required Documentation:
- Financial statements
- Business plan
- Project proposal
- Quotes for professional services (e.g., engineering, architectural, marketing)
- Proof of economic impact on Prince Edward Island
Complete the Application Form:
- Fill out all required fields accurately.
- Provide detailed information about your business and the project.
Prepare a Detailed Project Proposal:
- Outline the strategic planning and capacity-building initiatives.
- Describe the expected economic impact on Prince Edward Island.
- Include timelines, objectives, and expected outcomes.
Submit the Application:
- Ensure all documentation is attached.
- Submit the application through the designated submission portal or address.
Follow Up:
- Contact the program office to confirm receipt of your application.
- Be available for any additional information or clarification requests.
Await Approval:
- The program office will review your application.
- You may be contacted for further details or an interview.
Receive Funding:
- Upon approval, discuss the terms and conditions.
- Funds will be disbursed as per the agreed schedule.
Implement the Project:
- Begin executing the project as outlined in your proposal.
- Keep records of all expenditures and progress.
Submit Progress Reports:
- Provide regular updates to the program office.
- Include financial reports and project milestones.
Complete the Project:
- Submit a final report detailing the outcomes and economic impact.
- Ensure all documentation is complete and accurate.
