PEI — Business Development Program

Who is eligible?

Yes. The Business Development Program has specific types of eligible companies that can apply for funding:

• Agricultural producers
• Small to medium-sized agri-businesses
• Agri-processors
• Agriculture industry organizations, clubs, and associations
• Mi’kmaq First Nations and other Indigenous groups
• Municipal and provincial government

Who is not eligible

Some types of companies may not be eligible for this grant. These can include:

• Non-profit organizations
• Government entities

Eligible expenses

The Business Development Program covers a range of eligible expenses aimed at enhancing the capacity of agricultural producers and businesses in PEI.

• Skills training
• Business planning
• Organizational development
• Benchmarking activities
• Risk management activities
• Market expansion initiatives

It is important for grant applicants to know about potential administrative and compliance obligations.

• Applicants may be required to demonstrate financial stability through audited financial statements.
• There could be specific language requirements for documentation and reports, especially if the grant is federally managed and covers bilingual regions.
• Partnership or collaboration with other organizations might be encouraged to enhance project scope and impact.
• Applicants may need to outline sustainability measures to ensure project continuity beyond the grant term.