Regional Development Fund — Community Capacity Building
Highlights
This program is designed for businesses like yours to enhance skills essential for regional economic planning and development. By participating, you can access non-repayable contributions of up to $5,000 for regional organizations and $10,000 for provincial organizations annually. This funding can significantly boost your capacity to plan, manage projects, and identify new opportunities.
Key Benefits:
- Strategic Planning: Improve your ability to create effective business strategies.
- Project Management: Gain skills to manage projects efficiently.
- Opportunity Identification: Learn to spot and capitalize on new business opportunities.
- Relationship Building: Enhance your skills in public participation and conflict management.
- Organizational Skills: Develop better governance, leadership, and financial management.
Applying for this program is straightforward, and the benefits are substantial. It offers a unique chance to strengthen your business's foundation and drive growth through enhanced skills and strategic planning.
Financing Details
Type of Financing: Non-repayable Contribution
Repayment Terms and Interest Rates:
- This program offers a non-repayable contribution, meaning you do not need to repay the funds received.
Eligible Expenses:
- Capacity building modules
- Planning sessions
- Industry development sessions
Use of Funds:
- Funds can be used to enhance skills essential to regional economic planning, development, and implementation.
- Specific areas of focus include:
- Strategy and Planning
- Relationship Building
- Organizational Skills and Management
- Co-operative Development
Restrictions on Use of Funds:
- Funds cannot be used for expenses unrelated to economic development activities.
- Personal expenses or non-business-related costs are not eligible.
Fees:
- There are no fees associated with applying for or receiving this funding.
Qualifications
- Must be a not-for-profit economic development organization.
- Must be involved in regional economic development.
Eligible organizations include:
- Regional economic development associations.
- Municipalities.
- Industry/sector groups.
- Educational institutions.
- Other community-based organizations involved in economic development.
Disqualifications:
- For-profit businesses.
- Organizations not involved in economic development activities.
Description
This program offers your business a non-repayable contribution of up to $5,000 for regional organizations and up to $10,000 for provincial organizations each year. This funding can help enhance skills essential for economic planning, development, and implementation.
You can use the money for capacity building modules, planning sessions, and industry development sessions. These sessions cover areas like strategic planning, proposal writing, project management, public participation, conflict management, organizational governance, and financial management.
The goal is to enable your organization to become a partner in regional economic development. This program encourages collaboration and broad-based partnerships, helping you build and shape your community effectively.
Program Steps
Download the Application Form: Visit the Regional Development Fund page and download the application form and guidelines.
Prepare Documentation: Gather the necessary documents to support your application. These include:
- Business plan
- Financial statements
- Proof of non-profit status
- Details of the proposed project
- Budget breakdown
- Any relevant permits or licenses
Complete the Application Form: Fill out the application form with accurate and detailed information about your organization and the proposed project.
Review Guidelines: Carefully review the application guidelines to ensure all requirements are met and all necessary information is included.
Submit the Application: Submit the completed application form along with the required documentation to the appropriate contact provided on the Regional Development Fund page.
Follow Up: After submission, follow up with the contact person to confirm receipt of your application and to address any additional questions or requirements.
Await Decision: Wait for the review process to be completed. You may be contacted for additional information or clarification during this period.
Receive Funding: If approved, you will receive a non-repayable contribution of up to $5,000 for regional organizations or $10,000 for provincial organizations per year. Use the funds as outlined in your approved project plan.
Report on Progress: Provide regular updates and a final report on the project's progress and outcomes as required by the program guidelines.
