How much funding can be received?

Funds up to 75% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the PrairiesCan — Aerospace Regional Recovery Initiative?

PrairiesCan — Aerospace Regional Recovery Initiative is funded by Prairies Economic Development Canada (PrairiesCan), Government of Canada

What are PrairiesCan — Aerospace Regional Recovery Initiative's eligibility criterias?

Businesses operating in the aerospace industry, including small and medium-sized enterprises (SMEs), are eligible to apply. Not-for-profit organizations providing services to SMEs, such as municipalities, post-secondary institutions, provinces, and Indigenous organizations, are eligible to apply. Indigenous businesses and organizations are eligible to apply and may receive funding exceeding standard thresholds.

PrairiesCan — Aerospace Regional Recovery Initiative

AB, Canada

Funding to recover Canada's aerospace sector in the Prairie region

grant_single|update January 24, 2025

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Other Support

Grant and Funding

Loans and Capital investments

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Manufacturing
Professional, scientific and technical services

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Prairies Economic Development Canada (PrairiesCan)
Government of Canada

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If your SME or non-profit is working on a project to become more environmentally friendly, improve productivity, strengthen commercialization or integrate with regional and global supply chains, you could get a contribution to help with some of the costs.

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The Aerospace Regional Recovery Initiative provides a comprehensive set of financing options designed to facilitate the growth and innovation of the aerospace sector. These modalities ensure projects can maximize their impact through strategic financial support.

Commercial projects may receive funding covering up to 75% of eligible project costs, provided through interest-free repayable loans.
Non-commercial projects may benefit from non-repayable funding for up to 90% of eligible costs, with a requirement that 10% is sourced from non-government funds.
Projects can be eligible to receive a maximum of $10 million in funding.
Retroactive cost eligibility for up to 12 months prior to the project application receipt.
Repayment for loans commences one year post-project completion, structured over 60 equal monthly payments, with an option for early repayment.

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This grant focuses on aiding the recovery of the aerospace sector by enhancing its competitiveness on a global scale. It supports efforts in greening operations, boosting productivity, and strengthening market readiness.

Transitioning towards greener products and operations, including the adoption and commercialization of clean tech products and services.
Improving productivity through advanced manufacturing and Industry 4.0 technologies, including artificial intelligence and cybersecurity.
Commercializing innovative products and services.
Integrating new start-ups and technologies into key aspects of the value chain.
Promoting inclusion by addressing barriers for specific groups, such as women, Indigenous peoples, youth, and visible minorities.
Developing the workforce to tackle labour and skill shortages through training, upskilling, or hiring activities.
Providing technical assistance for adopting technologies and efficient management practices.
Making strategic capital investments to support transformational projects and high-profile SMEs.
Utilizing procurement tools like the Industrial and Technological Benefits Policy to support SMEs and new technologies.

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$ 800,000

Develop a workforce training program in advanced robotics for manufacturing industries

$ 1,500,000

Commercialize a novel AI-driven medical diagnosis tool with a focus on accessibility

$ 1,000,000

Develop and market a biodegradable packaging line for food products

$ 1,800,000

Implement an advanced analytics platform for optimizing manufacturing processes

$ 1,450,000

Adopt smart manufacturing technologies to enhance productivity of custom automotive parts

$ 1,200,000

Scale up the production capacity of sustainable fabrics for the fashion industry

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Eligibility for this grant is determined by the criteria related to the type of organization applying and the support they provide.

The applicant must be a business operating in the aerospace industry or an organization that supports such businesses.
The applicant can be a small or medium-sized enterprise (SME) or a not-for-profit organization providing services to SMEs, including municipalities, post-secondary institutions, provinces, and Indigenous organizations.
Indigenous businesses and organizations are eligible to apply.

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Businesses operating in the aerospace industry, as well as organizations supporting them, are eligible to apply. This includes Small and Medium-sized Enterprises (SMEs), not-for-profit organizations providing services to SMEs, municipalities, post-secondary institutions, provinces, and Indigenous organizations. Indigenous applicants are specifically invited and may receive funding exceeding standard thresholds.

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This grant excludes certain companies and industries due to their status or main activity, as well as specific ineligible costs. However, details on ineligible applicants based on industry are not explicitly provided in the context.

Basic and applied R&D activities (Technology readiness level 1-6 are not eligible activities).
Entertainment-based companies seeking funding for non-commercial activities.

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The Aerospace Regional Recovery Initiative (ARRI) aims to support activities that enhance environmental sustainability, productivity, and commercialization within the aerospace sector in Canada's Prairie provinces. These projects are designed to bolster the sector's global competitiveness and foster economic resilience.

Transition towards greener products and operations, including the commercialization of clean tech products and electrification.
Improvement of productivity through advanced manufacturing, Industry 4.0, artificial intelligence, and cybersecurity integrations.
Commercialization of innovative products and services in the aerospace industry.
Integration of start-ups and new technologies into regional and global supply chains.
Workforce development, including training and upskilling of employees to address labour shortages.
Capital investments for transformative projects and emerging SMEs, bridging to the Strategic Infrastructure Fund.
Adoption of digital tools and cybersecurity enhancements within the aerospace industry.

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This grant is available to companies located within specific geographical areas as determined by the regional development focus of the Prairie provinces in Canada. The eligibility is crafted to support regional economic objectives.

Businesses and organizations operating in the Prairie provinces, Canada.

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The evaluation and selection of projects for this grant are focused on meeting program objectives and demonstrating economic impact, among other criteria.

Alignment with the objectives of the program.
The eligibility of the applicant, project activities, and project costs.
Clear, measurable economic benefits as a direct result of the project (e.g., revenues or number of jobs created relative to the funding request).
Strength of the management of the applicant.
Financial capacity of the applicant to complete the project.
For corporate projects, the company’s financial strength and ability to repay based on historical financial reporting and logical projections.
Leveraging from other funders.
Strong market demand for the product or service.
Technology readiness.

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Here are additional relevant details for this grant:

The Aerospace Regional Recovery Initiative (ARRI) works in conjunction with other funding programs like the Strategic Innovation Fund and the COVID-19 Economic Response Plan.
Indigenous applicants may receive funding that exceeds standard thresholds, offering potentially higher financial support.
Retroactive cost eligibility allows for costs incurred up to 12 months prior to the application submission, offering flexibility for project planning.
The assistance available can include interest-free repayable loans for commercial projects, with a structured repayment plan beginning one year post-project completion.