grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
  • Retail trade
  • Accommodation and food services
  • Other services (except public administration)
  • Public administration
grant_single|grantors
  • First Peoples Economic Growth Fund Inc. (FPEGF)
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get a non-repayable contribution of up to 30% of eligible costs for start-up, expansion or acquisition of a business that is majority Manitoba First Nation-owned.

grant_single_labels|projects

This grant supports eligible First Nations businesses in Manitoba for a variety of activities aimed at start-up, expansion, or acquisition of viable enterprises. Several specific activities are eligible for non-repayable contributions to support business development and sustainability.
  • Start-up of a new business owned by a First Nation individual or group.
  • Expansion of an existing First Nations-owned business.
  • Acquisition of a viable business with required historical financial statements and independent Business Valuation.
  • Development of an independent business plan with up to 75% of costs covered.
  • Conducting necessary environmental assessments with up to 75% of costs covered.
  • Marketing initiatives with up to 60% of costs covered.
  • Business support activities including training and aftercare management with up to 75% of costs covered.
grant_single|admissibleProjectsExample

$28,200

Brandon
Expanding a software development company specializing in education technology

$21,000

Thompson
Expanding a First Nation-owned eco-tourism business

$21,000

Winnipeg
Opening a sustainable café focusing on local produce and zero-waste

$13,500

Thompson
Launching a First Nation artisan crafts store

$24,000

Churchill
Starting a fish-farming business with eco-friendly practices

$29,700

The Pas
Acquiring an existing eco-lodge and transitioning it to renewable energy

grant_single_labels|admissibility

To be eligible for the Business Contribution Fund, the following criteria must be met:
  • You must have a minimum of 10% cash equity to put into the business.
  • A minimum of 40% commercial loan is required as part of the total financing of the business.
  • The business must be at least 51% owned by a First Nation band or First Nation band member or group of First Nations.
  • First Nation members and communities outside of Manitoba will remain eligible if the business headquarters are located in Manitoba.
  • If it is a partnership, the business must be at least 51% First Nation owned and the contribution will be in proportion to the First Nation’s ownership.
  • The First Nation owner or partner must be an integral part of the business.
  • The business must show viability and management capacity through the submission of a business plan.
  • The non-repayable contribution will not support businesses such as bars, gambling, sexually exploitive, pawn shops, payday loans, tobacco shops, etc.
  • It cannot be a passive investment (real estate, apartment block, a business that someone else is managing).
  • The contribution will not support a business that will significantly harm another business.

grant_eligibility_criteria|who_can_apply

This program, the Business Contribution Fund, supports various First Nations businesses in Manitoba, focusing on start-ups, expansions, or acquisitions. Although specific industries are not mentioned, some exclusions are noted to guide eligible company types.
  • The business must not be involved in bars, gambling, sexually exploitive industries, pawn shops, payday loans, or tobacco shops.
  • It cannot be a passive investment like real estate or a business managed by someone else.
  • The business should not significantly harm another existing business.

grant_eligibility_criteria|who_cannot_apply

There are specific restrictions related to the types of companies or industries that are not eligible for the Business Contribution Fund. The grant does not support certain types of businesses or activities.
  • Bars
  • Gambling (VLTs)
  • Sexually exploitive businesses
  • Pawn shops
  • Payday loans
  • Tobacco shops
  • Passive investments (such as real estate or apartment blocks)
  • Businesses that significantly harm another business (e.g., a second laundromat in a small town that cannot support two)

grant_eligibility_criteria|eligible_expenses

The Business Contribution Fund provides financial assistance for specific eligible expenses related to the startup, expansion, or acquisition of a business.
  • Capital and operating expenses
  • Independent business plan development (up to 75% of costs)
  • Environmental assessments (up to 75% of costs)
  • Marketing costs (up to 60% of costs)
  • Business support, such as training and aftercare management (up to 75% of costs)
  • Business Valuation costs, required for acquisitions (up to 75% of costs)

grant_eligibility_criteria|zone

Eligible businesses are those headquartered in Manitoba or at least partially owned by First Nations communities or members from Manitoba. First Nation members and communities outside of Manitoba remain eligible if the business headquarters are located in Manitoba.
  • Manitoba, Canada
  • First Nations communities outside Manitoba with business headquarters in Manitoba

grant_single_labels|criteria

The evaluation and selection criteria for the Business Contribution Fund include financial viability, ownership requirements, equity contribution, business plan quality, and business impact.
  • Financial Viability: The business must demonstrate financial viability and management capacity through the submission of a comprehensive business plan.
  • Ownership Requirements: The business must be at least 51% owned by a First Nation individual or Manitoba First Nation Community.
  • Equity Contribution: Applicants must have a minimum of 10% cash equity to invest in the business.
  • Business Plan Quality: FPEGF will consider providing a non-repayable contribution towards the development of an independent business plan, which is a key evaluation criterion.
  • Business Impact: The business must show potential to contribute positively to the community and not significantly harm other businesses in the area.

grant_single_labels|register

Step 1: Determine Eligibility
  • Verify ownership requirements (at least 51% First Nation ownership).
  • Ensure business is located in Manitoba if owned by First Nation members outside Manitoba.
  • Check if business meets the viability and management capacity criteria.
  • Assess whether the business is not involved in excluded activities such as bars, gambling, pawn shops, etc.
  • Confirm the requirement of 10% cash equity and 40% commercial loan financing.
  • Ensure compliance with active business operation criteria (i.e., not a passive investment).
Step 2: Gather Necessary Documentation
  • Prepare a comprehensive business plan showcasing viability and management capacity.
  • Obtain three years of historical financial statements if applying for business acquisition.
  • Arrange for an independent Business Valuation by a Certified Business Valuator if needed.
Step 3: Prepare the Application
  • Compile all required documents, including business plans and financial statements.
  • Ensure all information aligns with the application requirements set by FPEGF.
Step 4: Submit the Application
  • Complete the application form provided by FPEGF.
  • Submit the application and all supporting documents to FPEGF.
  • Use designated contact methods for submission: toll-free numbers or the provided email address.
Step 5: Await Review and Feedback
  • Monitor communication from FPEGF for any additional information requests or updates on the application status.
  • Prepare to address any inquiries or provide clarifications if FPEGF requires further information.
Step 6: Post-Approval Compliance and Monitoring
  • Submit financial statements and Business Performance Reviews as required during the control period.
  • Ensure the business remains operational and compliant with the conditions set by FPEGF.

grant_single_labels|otherInfo

In addition to eligibility criteria and other specified details, it is important for applicants of the Business Contribution Fund to understand the following:
  • There is a control period typically lasting three years during which financial statements and a “Business Performance Review” must be submitted.
  • If the business ceases operation or changes significantly during the control period, the non-repayable contribution may become repayable.
  • FPEGF can provide up to 75% of certain costs like Business Valuation and business plan development, demonstrating the fund's commitment to supporting initial business setup requirements.
  • The program is supported by Indigenous Services Canada (ISC) through the National Aboriginal Capital Corporation Association (NACCA).

grant_single_labels|contact

info@fpegf.ca
1-888-942-6026
Apply to this program