PacifiCan — Aerospace Regional Recovery Initiative (ARRI)

This grant offers specific financing modalities to support various types of organizations in their recovery and growth efforts within the aerospace sector. The terms vary for small and medium-sized enterprises compared to not-for-profit organizations.

• Contributions to small and medium-sized enterprises (SMEs) are generally repayable or conditionally repayable.
• Contributions to not-for-profit organizations are generally non-repayable.
• Costs may be eligible on a retroactive basis up to 12 months before the receipt of a project application, with a start date no earlier than April 19, 2021.

Eligibility for this grant is determined by specific criteria related to the applicant's profile in the aerospace industry.

• The applicant must be a business operating in the aerospace industry.
• The applicant can be a small or medium-sized enterprise (SME).
• The applicant may also be a not-for-profit organization providing services to SMEs within the aerospace sector.
• Indigenous businesses and organizations are eligible to apply.

Who is eligible?

Who is not eligible

Some types of companies are not eligible for this grant. Eligibility criteria include:

• Large enterprises outside the SME category
• Businesses not operating in the aerospace industry

Eligible expenses

The Aerospace Regional Recovery Initiative (ARRI) supports projects that enhance sustainability, productivity, and commercialization within the aerospace sector. Eligible activities focus on transitioning to greener operations, boosting productivity, and strengthening market integration.

• Transition towards greener products and operations or adoption of environmentally sustainable practices, such as the commercialization of clean tech products and services or electrification efforts to reduce carbon footprint.
• Improvement of productivity through advanced manufacturing techniques, Industry 4.0 adoption, scaling up high-potential firms, embracing artificial intelligence, enhancing cybersecurity measures, or workforce and skills development initiatives.
• Commercialization efforts and integration into supply chains by incorporating start-ups and new technologies into key aspects of the aerospace value chain.

Eligible geographic areas

This grant is specifically targeted towards businesses operating in the aerospace sector within British Columbia, Canada. The geographical focus aims to support regional development in this jurisdiction.

• Companies and organizations located in British Columbia.

There are evaluation and selection criteria for the Aerospace Regional Recovery Initiative grant:

• Alignment with the objectives of transitioning towards greener practices, improving economic benefits in regions, promoting diversity and inclusion, and supporting digital adoption and cybersecurity.
• Projects that demonstrate innovation, sustainability, productivity improvement, and integration into supply chains will be prioritized for funding.

Here are additional relevant details for this grant:

• The Aerospace Regional Recovery Initiative (ARRI) had a budget of $250 million for three years, delivering support through Canada's regional development agencies.
• The initiative supports projects with the aim to greening operations, improving productivity, and strengthening commercialization.
• Indigenous clients could receive up to 100% funding for eligible project costs through the RDA's contributions.
• Retroactive costs could be considered eligible if occurring up to 12 months prior to application receipt, with a cut-off of April 19, 2021.