What Can Creative Export Canada Fund? A Comprehensive Guide
Creative Export Canada (CEC) — Export-Ready Stream offers substantial financial support to Canadian creative industries aiming to expand their reach globally. This article outlines the eligible expenses under this federal program, helping organizations understand what costs can be subsidized, ensuring a smoother application and execution process.
Overview of Creative Export Canada Funding
The CEC program is designed to enhance the global presence of Canadian creative industries. It supports projects that are ready for export and aims to generate significant export revenues. The funding assists in covering a wide range of project-related expenses, with a focus on promoting Canadian creative content internationally.
Funding Amounts & Rates
CEC offers up to a maximum of $2.5 million per application, covering up to 75% of eligible project costs. However, due to the program's competitive nature, the actual funding might be less. Applicants must demonstrate other funding sources covering at least 25% of the project costs.
Eligible Expenses
Development and Technology Acquisition
Costs for acquiring digital or other technologies essential for project execution.
Development expenses directly tied to the project.
Professional Services and Salaries
Professional fees or portions of employee salaries directly related to the project.
Salaries must reflect project-specific work.
Travel and Marketing
Travel expenses must align with the National Joint Council Travel Directive and be project-specific.
Marketing costs aimed at international promotion are eligible.
Administrative and Translation Costs
Administrative expenses related to the project, capped at 15% of the funding request.
Translation and interpretation services, limited to 10% of the funding request.
Applicants must maintain detailed records of these expenses and be prepared to provide documentation upon request.
Ineligible Expenses
Operating and Capital Costs
Routine operating costs, such as general overhead.
Capital expenditures unrelated to the specific project scope.
Content Creation and Production
Costs related to the production of creative content for export.
Expenses for developing new creative content not included in the initial project plan.
Hospitality and Miscellaneous
Costs related to hospitality, gifts, or promotional items.
Expenses related to lobbying or public relations activities.
Expense Documentation Requirements
Applicants are required to keep comprehensive records of all project-related expenses. This includes invoices, receipts, and contracts, which must be available in case of an audit. Maintaining detailed financial documentation is crucial for compliance and for the successful claiming of funds.
Examples of Funded Projects
Projects funded by CEC typically involve:
International trade shows and exhibitions for Canadian creative products.
Digital media expansion into new international markets.
Collaborative ventures with foreign entities to enhance Canadian creative visibility.
Funding Disbursement & Claiming Process
Funding is provided as a contribution, meaning payments are conditional on meeting specific project milestones as outlined in the funding agreement. Claims must be submitted with supporting documentation for each expense.
Stacking Rules
The total government assistance, including CEC, must not exceed 75% of the total project costs. Applicants must report all sources of public funding and adhere to the program's stacking rules.
Real-World Budgeting Tips
Plan for ineligible costs and secure private funding to cover these expenses.
Allocate budget for comprehensive project documentation to support claims.
Anticipate potential shortfalls in funding and prepare contingency plans.
Conclusion
Understanding the funding scope of Creative Export Canada ensures that your project aligns with program requirements and increases the likelihood of a successful application. Applicants should strategically plan their projects to maximize eligible expenses and comply with all regulations.
