How much funding can be received?

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

What is the deadline to apply?

The deadline to apply is not specified.

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

Coast Funds Economic Development Fund is funded by Coast Funds

What are Coast Funds Economic Development Fund's eligibility criterias?

Applicants must be a Participating First Nation as specified in the Conservation Investments and Incentives Agreement, or entities owned or controlled by them with supporting resolution. Individual members or businesses owned by such members from a Participating First Nation must have a resolution supporting their application.

Coast Funds Economic Development Fund

Last Update: May 13, 2025

BC, Canada

Funding for sustainable economic development in Indigenous communities

Coast Funds Economic Development Fund at a glance

Eligible Funding

No Condition

Timeline

Open Date : July 9, 2024

Financing Type

Grant and Funding

Eligible Industries

All industries

Grant Providers

Coast Funds

Status

Open

Overview of the Coast Funds Economic Development Fund program

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

Eligible projects & activities

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.

Examples of admissible projects:

$ 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

$ 120,000

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

Eligibility criteria of the Coast Funds Economic Development Fund program

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.

Who is eligible?

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.

Who is not eligible

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.

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.

Eligible geographic areas

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

Eligibility criteria of the Coast Funds Economic Development Fund program

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 to the Coast Funds Economic Development Fund program

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

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.

Contact Coast Funds

patricia@coastfunds.ca

604-684-0223

Apply to this program

Funding for manufacturing modernization and job creation in B.C