Community Economic Development Fund
At a glance
- Max. $3,000,000
- Open Date : July 24, 2023
- Closing date : April 30, 2024
- All industries
- Government of Nova Scotia
Overview
Eligibility criteria
Non-profits, industry associations, sector organizations, social enterprises, municipalities, academic institutions, and other organizations that benefit the public are eligible to apply for funding from the Community Economic Development Fund. For-profit businesses are not eligible.
- Non-profits, industry associations, sector organizations, social enterprises, municipalities, academic institutions, and other organizations that benefit the public can apply
- For-profit businesses are not eligible for funding
Who is eligible
Non-profits, industry associations, sector organizations, social enterprises, municipalities, and academic institutions that benefit the public are eligible for the Community Economic Development Fund grant. For-profit businesses are not eligible.
- Non-profits
- Industry associations
- Sector organizations
- Social enterprises
- Municipalities
- Academic institutions
Who is not eligible
For-profit businesses are not eligible for the Community Economic Development Fund grant.
- For-profit businesses
Eligible expenses
There are eligible expenses for this grant. Eligible expenses include:
- Costs related to project development and implementation
- Consulting fees and professional services
- Equipment and supplies directly related to the project
- Labor costs for project-specific activities
- Travel expenses for project-related activities
- Evaluation and monitoring costs
Eligible projects & activities
There are eligible projects for this grant:
- Projects that increase economic competitiveness and productivity in Nova Scotia.
- Projects that promote cooperation and partnerships with other organizations.
- Initiatives for sector development, economic diversification, workforce competitiveness, applied research and development, and pilot projects.
Evaluation & selection criteria
The Community Economic Development Fund uses several evaluation criteria to assess project proposals:
- Proposals must aim to improve Nova Scotia’s competitiveness and increase productivity.
- Partnerships with other organizations are required, including the private sector, academic institutions, and non-profit organizations.
- Projects should generate widespread benefits for a specific sector or industry within Nova Scotia.
- Metrics for success and progress monitoring methods need to be described.
- Long-term benefits for a particular sector or industry within Nova Scotia should be demonstrated.
- Projects must exhibit proven leadership, financial capital, and human capital.
How to apply
- Step 1: Review the Community Economic Development Fund Application Guide.
- Step 2: Complete the application form.
- Step 3: Check the application for details on all required supporting documents.
- Step 4: Complete a project proposal.
- Step 5: Send your completed application, supporting documents, and project proposal by mail, fax, or email.
- Step 6: Await confirmation of receipt from the Community Economic Development Fund within 1 week.
- Step 7: The Community Economic Development Fund Board assesses your application and supporting documents to determine if your project will receive funding.
- Step 8: It should take 10 to 12 weeks to find out if your project is approved for funding.
- Step 9: Follow-up on any additional information or corrections needed, if required.
Community Economic Development Fund Grant Summary
Apply for project funding from the Community Economic Development Fund to increase economic competitiveness and productivity in Nova Scotia. Eligible organizations can access funding for projects that benefit the public and promote partnerships and cooperation.
Community Economic Development Fund Grant Description
The Community Economic Development Fund provides non-profits, industry associations, sector organizations, social enterprises, municipalities, and academic institutions with the opportunity to secure funding for projects that enhance economic competitiveness and productivity in Nova Scotia. This grant aims to support initiatives that create widespread benefits for sectors or industries in the region while fostering partnerships and cooperation among various organizations.
Applicants are required to submit funding proposals that demonstrate a commitment to improving Nova Scotia's competitiveness and productivity, show partnerships with other entities, and outline metrics for success and progress monitoring. The evaluation criteria also emphasize the long-term benefits and leadership qualities necessary for the successful implementation of projects.
Eligible projects can range from sector development and economic diversification to workforce competitiveness and applied research and development. Non-profit organizations, industry associations, social enterprises, academic institutions, and other entities that benefit the public are encouraged to apply, while for-profit businesses are ineligible for funding.
Before starting the application process, organizations should have a clear understanding of the total project cost, funding sources, potential risks, and how the proposed project aligns with the goal of enhancing economic competitiveness and productivity in Nova Scotia. The application timeline, evaluation process, and key considerations are outlined in detail in the Community Economic Development Fund guidelines.
Successful applicants can expect a review period of 10 to 12 weeks to determine funding approval, with additional time required for complex projects or incomplete applications. The goal of the Community Economic Development Fund is to support projects that have a lasting impact on specific sectors or industries within Nova Scotia, driving growth and competitiveness in the region.
Overall, the Community Economic Development Fund offers a valuable opportunity for organizations to access financial support for projects that contribute to the economic development and competitiveness of Nova Scotia, fostering collaboration and innovation across various sectors and communities.
