Coast Funds Economic Development Fund
BC, Canada
Fund for environmental and sustainable economic development activities in Great Bear Rainforest and Haida Gwaii
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJuly 09, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Utilities
- Construction
- Transportation and warehousing
- Information and cultural industries
- Arts, entertainment and recreation
grant_single|grantors
- Coast Funds
grant_single|status
grant_card_status|open
grant_single_labels|preview
Economic development fund for participating First Nations for projects that have positive direct or indirect environmental or social impacts.
grant_single_labels|projects
This grant supports economically sustainable projects with an emphasis on environmental and social benefits in the Great Bear Rainforest and Haida Gwaii regions. Eligible projects include those focusing on developing infrastructure and businesses that align with ecosystem-based management.
- Shellfish aquaculture initiatives.
- Fisheries projects ensuring sustainability.
- Technology and communications infrastructure improvements, such as broadband internet.
- Development of wildlife viewing opportunities.
- Production and development of nutraceuticals.
- Mushroom harvesting projects.
- Exploitation of non-timber forest products.
- Tourism development including cruises, trails, and cultural marketing infrastructure.
- Ecosystem-based management compliant forestry operations.
- Renewable energy projects that avoid nuclear and carbon burning technologies.
- Green building initiatives.
- Small scale, environmentally safe sub-surface resource extraction, focusing on rocks, minerals, or gems.
- Economic development through capital corporations adhering to the fund's guidelines.
- Transportation infrastructure projects, including airports, wharves, and marinas.
- Small business infrastructure such as retail markets and artisan incubator facilities.
- Infrastructure supporting eligible projects and businesses.
grant_single|admissibleProjectsExample
$ 160,000
Develop eco-friendly tourist trails to promote sustainable tourism and cultural appreciation
$ 200,000
Renovate a historical building to create a community hub for cultural exchange and learning
$ 144,000
Implement a digital archive project to preserve and share Indigenous oral histories
$ 120,000
Create a cultural center that will support cultural revitalization initiatives and community events
$ 80,000
Offer training programs in traditional crafts to empower community members with valuable skills
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile.
- The applicant must be a Participating First Nation, as specified in Schedule G of the Conservation Investments and Incentives Agreement, represented by the authorized governing body.
- An entity fully or partially owned or controlled by a Participating First Nation with a supporting resolution for the application is eligible.
- Individual members of a Participating First Nation or businesses owned by such individuals, with a resolution supporting the application, are eligible.
grant_eligibility_criteria|who_can_apply
Eligible applicants include:- A Participating First Nation, represented by its authorized governing body, which is one of the 27 First Nations or 3 Regional Organizations specified in Schedule G of the Conservation Investments and Incentives Agreement.- Any entity fully or partially owned or controlled by a Participating First Nation with a supporting resolution for a complete funding application.- An individual member of a Participating First Nation or a business owned by such an individual with a supporting resolution for a complete funding application.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and activities that do not align with sustainable and ecosystem-based management objectives. Restrictions are in place to ensure the funds support environmentally sound development activities.
- Activities inconsistent with ecosystem-based management objectives.
- Open net-cage finfish aquaculture.
- Activities or expenditures not consistent with provincial regulations or policies.
- Large scale extraction of subsurface resources.
- Trophy hunting and hunting of bears or carnivores.
- Healthcare, social services, housing, or community centres not related to eligible economic activities.
- Community beautification projects unrelated to eligible economic activities.
- Bridges, roads, water, or sewer projects unless directly related to eligible economic activities.
- Cultural spaces unless part of a comprehensive tourism marketing plan.
- Activities that are not considered sustainable, particularly concerning fish and wildlife stocks in the Project Area.
grant_eligibility_criteria|eligible_expenses
This grant supports environmentally sound and sustainable economic development initiatives. The eligible projects aim to create positive environmental or social impacts within the Great Bear Rainforest and Haida Gwaii.
- Shellfish aquaculture initiatives.
- Fisheries projects that adhere to sustainable practices.
- Technology and communications infrastructure development, such as broadband internet.
- Wildlife viewing operations.
- Production and development of nutraceuticals.
- Mushroom harvesting ventures.
- Non-timber forest product enterprises.
- Tourism projects, including cruises, trails, and cultural/marketing infrastructure.
- Ecosystem-based management compliant forestry operations.
- Non-nuclear and non-carbon burning energy projects.
- Green building initiatives.
- Small scale, non-toxic, subsurface rock, mineral, or gem extraction activities.
- Establishment of economic development capital corporations.
- Transportation infrastructure projects such as airports, wharves, and marinas.
- Small business infrastructure development like retail market spaces and business incubators.
- Other supportive infrastructure projects connected to the eligible activities listed above.
grant_eligibility_criteria|zone
This grant is intended for economic development activities within specific ecological regions of Canada. Eligible projects must align with environmental and social impact priorities of the Great Bear Rainforest and Haida Gwaii.
- Great Bear Rainforest
- Haida Gwaii
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The criteria include:
- Alignment with the organization's goals and objectives
- Demonstrated impact on economic development
- Feasibility and sustainability of the proposed initiative
- Evidence of community benefit and support
- Ability to measure and report on outcomes
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Determine Eligibility
- Verify if your project or business is eligible under the specified categories such as shellfish aquaculture, technology infrastructure, tourism, etc.
- Ensure the application meets the fund's criteria for environmentally sound and sustainable economic development activities.
- Step 2: Obtain Required Documents
- Gather any necessary resolutions from the Participating First Nation supporting the complete funding application.
- For infrastructure projects, compile a business plan or summary analysis of economic benefits, a capital expenditure budget, and a multi-year O&M budget.
- Step 3: Prepare Application
- Draft a comprehensive funding application including project details, objectives, and expected impacts.
- Attach all supporting documents related to the project.
- Step 4: Submit Application
- Complete the application submission process as described by the fund provider.
- Contact Patricia Sayer for clarification on the submission process if needed.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The grant is designed to support activities in the Great Bear Rainforest and Haida Gwaii, aligning with sustainable practices and preserving local ecosystems.
- Infrastructure project applications must include detailed financial documentation, such as a capital expenditure budget and multi-year operating and maintenance budget, ensuring financial feasibility.
- Activities promoting governmental or private funder entities, or inconsistent with ecosystem management, are not eligible, emphasizing the eco-centric focus of the fund.
- Support is not granted for obligations typically managed by provincial or federal governments, indicating the fund's focus on empowering community-led initiatives rather than governmental functions.
- Applicants should ensure proposed projects comply with all relevant provincial laws and regulations, underscoring legal compliance as a grant precondition.
grant_single_labels|contact
patricia@coastfunds.ca
604-684-0223
Apply to this program
Empowering Environmental and Social Economic Ventures
The Coast Funds grant provides crucial financial support to projects that deliver positive environmental and social impacts within the Great Bear Rainforest and Haida Gwaii. This initiative focuses on sustainable economic development through a range of eligible sectors.
In-Depth Overview of Coast Funds' Grant for Sustainable Economic Growth
Coast Funds' grant is structured to support a variety of projects designed to advance sustainable economic growth while maintaining the ecological integrity of the Great Bear Rainforest and Haida Gwaii. This funding opportunity is primarily targeted at the 27 First Nations and 3 Regional Organizations, or their subsidiaries, outlined in the Conservation Investments and Incentives Agreement. Eligible beneficiaries include not only the authorized governing bodies of these Nations but also individual members or businesses owned by them, provided they have the necessary resolutions supporting their applications.
The scope of eligible projects covers a broad spectrum of activities that contribute to environmental stewardship and economic benefits. These projects include shellfish aquaculture, fisheries, wildlife viewing, and more specialized areas such as nutraceuticals, mushroom harvesting, and non-timber forest products, all of which harness the natural resources in a sustainable manner. Furthermore, initiatives in technology and communications infrastructure, green energy projects, and ecosystem-based management compliant forestry operations are strongly encouraged under this funding scheme.
Infrastructure projects, particularly those supporting transportation, small business, and economic development, are also eligible for funding, provided they meet stringent requirements including the submission of a business plan or a detailed analysis of projected economic benefits. Comprehensive budgeting for both capital expenditures and multi-year operation and maintenance is crucial for approval, underscoring the fund's commitment to sound financial planning and project sustainability.
Importantly, the grant explicitly excludes certain types of activities to ensure alignment with its sustainable development ethos. Activities such as open net-cage finfish aquaculture, large-scale resource extraction, and any practices deemed non-sustainable or contrary to the project's guiding principles are not funded. This careful delineation of eligible versus ineligible projects ensures that the fund's resources are utilized effectively to promote initiatives that not only support economic development but also conserve the unique biodiversity of the region.
Applying for this grant involves demonstrating a project's capacity for economic and social impact, its alignment with sustainable practices, and its feasibility within the ecological frameworks established by the Coast Funds. Successful applications will secure not just financial backing but also a platform for fostering community development and strengthening the economic resilience of the First Nations involved.
Ultimately, the Coast Funds grant is more than just a financial resource; it is an invitation to participate in a broader movement towards sustainable, community-centered economic growth. By investing in projects that reflect a symbiosis between economic ambitions and environmental conservation, beneficiaries not only partake in immediate development opportunities but also contribute to the preservation of their cultural heritage and natural environments for future generations.
This funding opportunity aligns with the long-term strategic goals of promoting healthy economic diversification, creating employment, and enhancing the capacity of First Nations to govern and sustain their resources effectively. Providing both strategic financial support and a partnership network, the grant offers a robust framework for empowering indigenous communities to thrive ecologically and economically.
