Open
Investment and Growth Fund
Last Update: March 9, 2026
Canada
Support for high-impact private sector investment projects in Alberta
Grant and Funding
Overview
This program provides between $500,000 and $10,000,000 in assistance to support high-impact private sector investments in Alberta. It targets new or expansion projects that create permanent jobs, involve significant capital expenditures and demonstrate they would not proceed in Alberta without this support.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 10,000,000 $
- Minimum amount : 500,000 $
- Up to 50% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Transportation and warehousing
- Arts, entertainment and recreation
- Accommodation and food services
Location
- Canada
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- 10 employees minimum
Audience
- All groups
Activities funded
- Establishment of new private sector operations in Alberta involving significant capital investment.
- Expansion of existing private sector operations in Alberta that increase production capacity.
- Projects creating at least 10 new permanent full-time jobs and meeting minimum capital expenditure thresholds in metropolitan or rural areas.
Eligibility
- The applicant must be a for-profit company with a track record of successful operations, revenue generation or expansions.
- The company must be well established, financially sound and able to complete the project within the planned timeframe.
- The business must operate or plan to operate in Alberta with an established production capability, plant or place of business in the province.
- The project must be a new investment or expansion where no final decision has been made to proceed and that would not occur in Alberta without IGF support.
- The project must meet minimum thresholds for new permanent full-time jobs and capital expenditures and demonstrate financial viability with committed funding and limited reliance on public sources.
Who is eligible?
- For-profit companies with established or planned production facilities or business operations in Alberta.
- Private sector businesses undertaking large-scale new investments or major expansion projects in Alberta.
Eligible expenses
- Capital expenditures related to the investment project (eligible capex up to the prescribed limit).
Eligible geographic areas
- Projects located anywhere within the province of Alberta, including census metropolitan areas and rural regions.
Selection criteria
- Project’s ability to create at least 10 new permanent full-time jobs.
- Compliance with the minimum capital expenditure thresholds based on location (CMA or rural area).
- Compliance with the minimum average annual compensation requirements for the jobs created.
- Operational benefits flowing primarily to Alberta.
How to apply
- Step 1: Initial Contact
- Contact a designated IGF intake organization aligned with the project’s region or sector to discuss the opportunity.
- Alternatively, send enquiries to the IGF program email address provided by the Government of Alberta.
- Step 2: Determine Eligibility and Initiate Application
- Work with the designated intake organization to learn more about the program.
- Confirm that the company and project meet the IGF eligibility requirements and begin the formal application process as directed.
Additional information
- The program is invite-only and used as a deal-closing incentive for late-stage investment decisions.
- The fund targets high-impact private sector investments that create new, well-paying jobs and enhance productivity.
- The program supports both new investments and major expansion projects across Alberta.
- Additional detailed eligibility and program information is available from designated IGF intake organizations.
Contacts
igf.program@gov.ab.ca
403-342-8106
