Coast Funds Economic Development Fund

Q: How much funding can be received?

There is no informations about how much funding can be received.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the Coast Funds Economic Development Fund a grant, loan, or tax credit?

Coast Funds Economic Development Fund is a Grant and Funding

Q: Who are the financial supporters of the Coast Funds Economic Development Fund?

Coast Funds Economic Development Fund is funded by Coast Funds

Q: Who is eligible for the Coast Funds Economic Development Fund program?

To be eligible for the Coast Funds Economic Development Fund program, you must: • For-profit entities must be fully or partially owned or controlled by a Participating First Nation, with a supporting resolution. • Businesses owned by individual members of a Participating First Nation require a supporting resolution for the application.

Q: Who can I contact for more information about the Coast Funds Economic Development Fund?

You can contact Coast Funds by email at patricia@coastfunds.ca or by phone at 604-684-0223.

Q: Where is the Coast Funds Economic Development Fund available?

The Coast Funds Economic Development Fund program is available the province of BC.

Q: Are Indigenous Peoples eligible for the Coast Funds Economic Development Fund program?

Yes, Indigenous Peoples are eligible to apply for the Coast Funds Economic Development Fund program.

Last Update: August 5, 2025

BC, Canada

Funding for sustainable economic development in Indigenous communities

At a glance

Eligible Funding

No Condition

Timeline

Open Date : July 9, 2024

Financing Type

Grant and Funding

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Open

Overview

Economic development fund for participating First Nations for projects that have positive direct or indirect environmental or social impacts.

Activities funded

Development of environmentally sustainable shellfish aquaculture and fisheries.
Implementation of technology and communications infrastructure, such as broadband internet.
Establishment or expansion of tourism initiatives, including wildlife viewing and cultural or marketing infrastructure.
Development of green building projects and non-carbon burning energy projects.
Support for ecosystem-based management compliant forestry and non-timber resource harvesting.

Examples of admissible projects:

$ 120,000

Create a cultural center that will support cultural revitalization initiatives and community events

$ 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

$ 80,000

Offer training programs in traditional crafts to empower community members with valuable skills

Eligibility

The applicant must be a Participating First Nation (one of the specified 27 First Nations or 3 Regional Organizations), an entity fully or partially owned or controlled by a Participating First Nation with formal resolution support, or an individual member/business owned by a member of a Participating First Nation with resolution support.
The project must focus on environmentally sound and sustainable economic development within the Great Bear Rainforest and Haida Gwaii.
For infrastructure projects, the application must include a business plan or summary analysis demonstrating direct economic benefits, as well as detailed capital expenditure and operating budgets.

Who is eligible?

Shellfish aquaculture businesses
Fisheries operations
Technology and communications infrastructure providers (e.g., broadband internet)
Tourism operators (including cruises and cultural/marketing infrastructure)
Mushroom harvesting and non-timber forest product businesses

Who is not eligible

Companies engaged in open net-cage finfish aquaculture.
Businesses involved in trophy hunting for game, including bear and/or carnivore hunting.
Organizations focused on healthcare, social services, housing, community centers, or community beautification.
Businesses conducting activities inconsistent with ecosystem-based management or provincial and federal laws and regulations.
Companies involved in large-scale extraction of subsurface resources or acquisition of fishing licences for stocks targeted for harvest reduction.

Eligible expenses

Capital expenditures for infrastructure investments, supported by valid quotations for materials and construction.
Multi-year operating and maintenance (O&M) costs associated with eligible infrastructure.

Eligible geographic areas

Great Bear Rainforest
Haida Gwaii

Selection 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

How to apply

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.

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.

Prepare Application

Draft a comprehensive funding application including project details, objectives, and expected impacts.
Attach all supporting documents related to the project.

Submit Application

Complete the application submission process as described by the fund provider.
Contact Patricia Sayer for clarification on the submission process if needed.

Additional information

The Economic Development Fund follows monitoring, reporting, and evaluation procedures recommended as best practices and outlined in its internal policies.
Application guidelines and fund policies are informed by the parameters in the fund's governing documents.
Applicants must ensure all submitted information is consistent with the fund's constitution and policies.

Contacts

patricia@coastfunds.ca

604-684-0223

Apply to this program

Frequently Asked Questions about the Coast Funds Economic Development Fund Program

Here are answers to the most common questions about the Coast Funds Economic Development Fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.