This program is designed for businesses like yours to help you navigate the challenges brought by COVID-19. By applying, you can access up to 25% of project costs covered by the government, making it easier to fund essential infrastructure projects. This includes retrofits, repairs, and upgrades to your facilities, ensuring they meet health and safety standards.

What's in it for you?

• Accelerated approvals process: Get your projects started faster with simplified applications.
• Flexible funding: Use the funds for a variety of projects, including ventilation improvements, which are crucial for reducing virus transmission.
• Retroactive eligibility: Costs incurred after December 1, 2020, are eligible, giving you a head start on funding.

Qualifying is straightforward, and the streamlined application process reduces administrative burdens. Approval will provide you with the financial support needed to enhance your infrastructure, ensuring your business remains resilient and operational during these challenging times.

Type of Financing: Loan

Repayment Terms and Interest Rates:

• Repayment terms vary based on the project, with a maximum federal contribution of:
  • Up to 80% for provinces, municipalities, and not-for-profit organizations in the provinces.
  • Up to 100% for territories, municipalities, and not-for-profit organizations in the territories.
  • Up to 100% for Indigenous ultimate recipients in provinces and territories.
  • Up to 25% for for-profit private sector ultimate recipients.

Eligible Expenses:

• Retrofits, repairs, upgrades for various buildings and infrastructure.
• COVID-19 response infrastructure.
• Active transportation infrastructure.
• Disaster mitigation and adaptation projects.
• Ventilation improvement projects.

Ineligible Expenses:

• Projects not meeting the specified timeframes.
• Projects not aligned with the eligible infrastructure project categories.

Fees:

• No specific fees mentioned in the provided context.

This program offers your business a chance to receive up to $10 million for quick-start projects. You can use the funds for retrofits, repairs, upgrades, and disaster mitigation. This is all in response to the impacts of COVID-19.

Eligible projects include:

• Upgrading municipal, territorial, provincial, and Indigenous buildings.
• Improving health infrastructure and schools.
• Enhancing COVID-19 response infrastructure.
• Developing active transportation infrastructure like parks and bike lanes.
• Implementing disaster mitigation projects such as flood and fire prevention.

Key benefits:

• Federal contribution covers up to 80% of costs for provinces, municipalities, and not-for-profits.
• 100% coverage for territories, municipalities, and Indigenous organizations.
• 25% coverage for for-profit private sector recipients.

Projects must start by September 30, 2023, and be completed by the end of 2023, or by the end of 2024 in remote areas. This funding can help your business adapt and thrive during these challenging times.

To apply for the program, follow these steps:

1. Submit Project Proposal:

   • Submit your project proposal to your provincial or territorial government.

2. Prepare Documentation:

   • Gather the necessary documentation, including:
     • Detailed project description
     • Budget estimates
     • Timeline for project completion
     • Proof of eligibility (e.g., business registration documents)
     • Any additional documents requested by your provincial or territorial government

3. Prioritization by Province/Territory:

   • Your province or territory will prioritize projects and submit them to Infrastructure Canada.

4. Review and Approval:

   • Infrastructure Canada will review the submitted projects, validate eligibility and funding, and seek ministerial approval.

5. Project Commencement:

   • Once approved, begin your project. Funding will flow as costs are incurred.

6. Maintain Communication:

   • Stay in touch with your provincial or territorial contact to ensure all requirements are met and to address any questions or concerns during the project.