PacifiCan — Aerospace Regional Recovery Initiative — Indigenous Stream

The Aerospace Regional Recovery Initiative — Indigenous Stream provides various financial support mechanisms to empower Indigenous applicants, ensuring they receive robust support for their eligible projects. The financial support is tailored to cater to different types of applicants while aligning with the objectives of the initiative.

• Contributions to small and medium-sized enterprises (SMEs) are generally repayable or conditionally repayable.
• Contributions to not-for-profit organizations are generally non-repayable.
• Retroactive eligibility for certain project costs may apply up to 12 months before the receipt of the project application, starting no earlier than April 19, 2021.
• Regional Development Agencies (RDAs) can contribute up to 100% of eligible project costs for Indigenous clients.

Eligible applicants for this grant must conform to specific criteria related to their operations and sector involvement.

• The applicant must be a business operating within the aerospace industry.
• Eligible applicants include small and medium-sized enterprises (SMEs).
• Not-for-profit organizations providing services to SMEs are eligible.
• Indigenous businesses and organizations qualify to apply.

Who is eligible?

Businesses operating in the aerospace industry, such as SMEs, not-for-profit organizations providing services to SMEs, and Indigenous applicants, including Indigenous businesses and organizations, were eligible to apply.

Eligible expenses

The Aerospace Regional Recovery Initiative (ARRI) focuses on promoting sustainable practices within the aerospace sector, enhancing productivity, and fostering integration into global supply chains. The projects aim to elevate the competitive edge of small and medium-sized enterprises (SMEs) in the industry.

• Transition towards greener products and operations or adoption of environmentally sustainable practices, including commercialization of clean tech products and electrification efforts.
• Improvement of productivity through advanced manufacturing techniques, Industry 4.0 practices, scaling high potential firms, and workforce skills development.
• Commercialization and deeper integration of new technologies and start-ups into key supply chain roles.

Eligible geographic areas

This initiative is delivered by Canada’s regional development agencies, specifically targeting the aerospace sector in British Columbia. The eligible locations are aligned with regional recovery and development objectives.

• Businesses operating in British Columbia.

There are evaluation and selection criteria for this grant. The criteria include prioritizing projects that focus on transitioning to greener practices, generating economic benefits in regions, enhancing diversity and inclusion, and supporting digital adoption and cybersecurity within the aerospace industry.

• Projects transitioning towards greener practices or environmentally sustainable initiatives.
• Projects generating economic benefits and promoting regional business development.
• Projects improving diversity and inclusion to address barriers faced by certain groups.
• Projects supporting digital adoption and enhancing cybersecurity within the aerospace sector.

Here are additional relevant details for this grant:

• Funding under this initiative aims to support the aerospace sector's recovery from the pandemic, specifically targeting environmentally sustainable practices and global competitiveness.
• Contributions by RDAs can cover 100% of eligible project costs for Indigenous clients, indicating a special provision for Indigenous businesses and organizations.
• Retroactive cost eligibility allows for funding of expenses incurred up to a year before project application, provided they are after April 19, 2021.
• Initiative aligns with Canada's broader COVID-19 Economic Response Plan and Strategic Innovation Fund initiatives.
• Repayability conditions generally apply to SME contributions, whereas not-for-profits typically receive non-repayable contributions.