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Investment Attraction Fund
Newfoundland and Labrador investment attraction fund
Last Update: March 6, 2026
Funding available
No Condition
Timeline
- Open continuously
Location
Newfoundland and Labrador, Canada
Overview
Get a loan to cover infrastructure, human resources and other costs to support economic growth in the province.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Optimize production processes
- Develop workforce skills
Eligible Funding
- No Condition
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Newfoundland and Labrador
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next steps
1
Determine your project
2
Validate your eligibility
Activities funded
The Investment Attraction Fund aims to enhance economic development in Newfoundland and Labrador by attracting businesses and foreign direct investments. Eligible projects focus on establishment or expansion activities that generate employment and long-term sustainability within the province.
- Establishment of new business operations in Newfoundland and Labrador by external investors.
- Expansion of existing business operations due to foreign direct investments.
- Strategic infrastructure investments required for inward investments.
- Human resource development related to the operational needs of inward investment projects.
- Other strategic costs necessary for the setup or expansion of businesses through inward investment.
Eligibility
Who is eligible?
The Investment Attraction Fund is aimed at attracting large-scale businesses and foreign direct investment to Newfoundland and Labrador. Eligibility is determined based on the status of being a duly registered company or having the intent to register, having operations in the province, and maintaining good standing with the province. The criteria do not specify different evaluation and selection criteria beyond the detailed business plan requirements and eligibility conditions provided in the context.Who is not eligible
Some types of companies are not eligible for the Investment Attraction Fund. The fund does not support companies that do not have operations situated in the Province of Newfoundland and Labrador.
- Companies without operations in Newfoundland and Labrador
Eligible expenses
This grant focuses on projects that aim to attract foreign direct investment and support the establishment or expansion of businesses in Newfoundland and Labrador. The eligible activities emphasize strategic investments, employment creation, and economic benefits for the province.
- Establishment of new businesses in Newfoundland and Labrador stemming from foreign direct investment.
- Expansion of existing businesses in the province due to external investment from foreign entities.
- Infrastructure support projects facilitating business operations initiated by inward investors.
- Human resource development initiatives associated with foreign direct investment in the province.
Eligible geographic areas
This grant is focused on attracting businesses to a specific region of Canada. The eligible geographical area is the Province of Newfoundland and Labrador.
- Companies with operations in Newfoundland and Labrador.
Additional information
Here are additional relevant details for this grant:
- The Fund provides customized financial assistance, implying that the support is tailored to the specific needs of the investor.
- The Department of Industry, Energy and Technology may determine eligible costs beyond infrastructure support and human resource costs.
- Inward investors must make a direct contribution of funds, indicating a commitment beyond seeking provincial support.
- The funding is aimed at fostering foreign direct investment, suggesting a focus on attracting external capital to the province.
Contacts
Frequently Asked Questions about the Investment Attraction Fund Program
Here are answers to the most common questions about the Investment Attraction 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.
What is the Investment Attraction Fund?
Get a loan to cover infrastructure, human resources and other costs to support economic growth in the province.
Who is eligible for the Investment Attraction Fund program?
To be eligible for the Investment Attraction Fund program, you must:
The business must be a duly registered company or commit to becoming a registered company under the Newfoundland and Labrador Corporations Act and/or the Canada Business Corporations Act.
The business must have or commit to have operations situated in Newfoundland and Labrador.
The business must be in good standing with the Province.
What expenses are eligible under Investment Attraction Fund?
The Investment Attraction Fund aims to enhance economic development in Newfoundland and Labrador by attracting businesses and foreign direct investments. Eligible projects focus on establishment or expansion activities that generate employment and long-term sustainability within the province. Establishment of new business operations in Newfoundland and Labrador by external investors.
Expansion of existing business operations due to foreign direct investments.
Strategic infrastructure investments required for inward investments.
Human resource development related to the operational needs of inward investment projects.
Other strategic costs necessary for the setup or expansion of businesses through inward investment.
Who can I contact for more information about the Investment Attraction Fund?
You can contact Government of Newfoundland and Labrador by email at bnorman@gov.nl.ca or by phone at 709-729-0598.
Where is the Investment Attraction Fund available?
The Investment Attraction Fund program is available the province of Newfoundland and Labrador.
Is the Investment Attraction Fund a grant, loan, or tax credit?
Investment Attraction Fund is a Loans and Capital investments
Who are the financial supporters of the Investment Attraction Fund?
Investment Attraction Fund is funded by Government of Newfoundland and Labrador, Department of Industry, Energy and Technology (NL) (IET), Newfoundland and Labrador Ministry of Industry, Energy and Technology
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