Regional Development Fund — Regional Development Program
NL, Canada
Funding for regional development in Newfoundland and Labrador
grant_single_labels|summary
grant_single|eligibleFinancing
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
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- grant_single|allIndustries
grant_single|grantors
- Government of Newfoundland and Labrador
- Department of Industry, Energy and Technology (NL)
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grant_card_status|open
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Non-repayable contributions for economic initiatives focused on regional and sectoral development, diversification, and key emerging sectors.
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This grant is designed to support economic development in all regions of the province as administered by the Department of Industry, Energy and Technology. Specific geographical eligibility details are not provided in the given context.
grant_single|admissibleProjectsExample
$10,000
Launching a market research initiative to support local artisans
$10,000
Developing a new digital marketing strategy for a small business
$10,000
Developing a community solar energy project
$10,000
Creating a new vocational training program for unemployed youth
$10,000
Organizing a series of industry development sessions for the tech sector
$10,000
Expanding a local food cooperative's distribution network
grant_single_labels|admissibility
Organizations must meet specific criteria to be eligible for the Regional Development Fund.
- The applicant must be a non-profit organization.
- The applicant must not be a federal or provincial government department or agency.
- Eligible applicants include industry associations, municipalities, public educational institutions, and other non-profit groups.
- The organization must be incorporated.
grant_eligibility_criteria|who_can_apply
Non-profit organizations, excluding federal and provincial government departments and agencies, are eligible to apply for this grant. This includes industry associations, municipalities, public educational institutions, cooperatives, economic development organizations, and other non-profit groups. All applicants must be incorporated.
grant_eligibility_criteria|who_cannot_apply
This grant program sets clear boundaries on eligibility to ensure applicants align with the intended goals. Based on the provided information, there are specific restrictions related to governmental and corporate status.
- Federal and provincial government departments and agencies.
- Private, for-profit companies.
grant_eligibility_criteria|eligible_expenses
This grant supports economic development, innovation, and capacity building projects in various regions through non-repayable contributions. Eligible projects aim to advance regional and sectoral development, diversification, and key emerging sectors while strengthening community capacities.
- Development and implementation of economic initiatives focusing on regional development.
- Projects aimed at sectoral diversification through innovative approaches.
- Infrastructure projects that support economic diversification and business development.
- Capacity building projects that enhance skills and organizational capabilities.
- Marketing initiatives that promote regional economic opportunities and strengths.
- Research activities that explore new economic opportunities and innovations.
- Community capacity building modules and industry development sessions focusing on strategic planning, relationship building, and management.
grant_single_labels|criteria
The evaluation and selection criteria for this grant include the following:
- Alignment with the project themes of infrastructure, capacity building, marketing, and research
- Demonstrated link between non-commercial activities and economic diversification/business development
- Soundness of the project proposal and its potential for positive economic impact
- Feasibility, sustainability, and scalability of the proposed activities
- Financial contribution from the applicant organization
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Review Applicant Guidelines
- Download and thoroughly review the "Applicant Guidelines for Writing Regional Development Program Proposals" if applying for the Regional Development Program.
- Download and thoroughly review the "Applicant Guidelines for Writing Community Capacity Building Proposals" if applying for the Community Capacity Building component.
- Step 2: Prepare Application
- Identify the applicable application form: "Application for Non-Commercial Programs" or "Application for Non-Commercial Programs – Fillable PDF".
- Draft your project proposal based on the guidelines, detailing the objective, scope, and intended outcomes.
- Prepare a budget outlining total project costs and source of funds, ensuring to meet minimum financial contribution requirements.
- Gather necessary documents, such as incorporation documentation and letters of support if required.
- Step 3: Submit Application
- Complete the chosen application form accurately and thoroughly.
- Ensure that all required supporting documents are attached and labeled correctly.
- Submit the completed application form and all accompanying documents to the appropriate Industry, Energy and Technology (IET) office.
- Step 4: Contact IET Office
- If additional assistance is needed or for submission confirmation, contact the IET office nearest to you.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Non-profit organizations must be incorporated to be eligible for funding.
- Applicants should demonstrate a minimum contribution of ten per cent of the total project cost.
Apply to this program
Support for Regional Economic and Innovation Initiatives
The Regional Development Fund provides non-repayable contributions to non-profit organizations aiming to enhance economic development through innovative projects in regional areas across the province. This funding aims to bolster infrastructure, capacity building, marketing, and research, while also supporting the training of community organizations to capacitate them for economic contributions.
Detailed Overview of the Regional Development Fund and Its Significance
In an effort to stimulate and diversify regional economies, the Department of Industry, Energy and Technology has instituted the Regional Development Fund, which offers vital financial assistance to non-profit organizations involved in economic development projects. This funding is strategic in nature, emphasizing the importance of non-commercial initiatives that drive economic diversification, innovation, and development within key emerging sectors. The unique contribution of this fund is its dual-component structure: the Regional Development Program and Community Capacity Building, both of which cater to different aspects of economic development but synergistically work to empower regions across the province.
The Regional Development Program focuses on providing vital support to projects that are linked to economic initiatives intended to enhance regional and sectoral development. By aiding in the diversification of economies and fostering innovation, it ensures that organizations have the necessary resources to advance these initiatives. This funding covers core themes such as the development of infrastructure, enhancement of marketing strategies, capacity building, and support for research activities. Each of these areas plays a critical role in bolstering the economic landscape of the province, ensuring that non-commercial activities lead to tangible benefits in business development and regional diversification. Projects leveraging this funding must make a clear connection between areas of economic enhancement and their proposed activities.
Complementing this, the Community Capacity Building component provides non-repayable contributions to foster training and development within non-profit organizations. This component is particularly focused on equipping these organizations with the capabilities to effectively contribute to economic and business development. By covering themes such as strategic planning, relationship building, enhancing organizational skills and management, and fostering cooperative development, the program aims to build a robust framework within organizations that can elevate regional economic activities. Training sessions and industry development modules guide these organizations in becoming more effective contributors and partners in economic growth initiatives.
The Regional Development Fund stands out for its enabling nature, providing maximum funding of up to 25% of total eligible project costs under the Regional Development Program, while ensuring that the recipient organization invests at least a minimal 10% contribution, fostering a commitment to the project's success. For the Community Capacity Building component, it offers up to $5,000 for regional organizations and $10,000 for provincial organizations annually, allowing these bodies to strategically invest in their organizational and strategic growth.
Eligible applicants are required to be incorporated non-profit organizations, such as industry associations, municipalities, and economic development organizations, thus ensuring a broad base of potential beneficiaries who can contribute to the province’s economic landscape. The importance of this grant is underscored by its ability to not only drive immediate economic activity but also lay the groundwork for sustainable development and innovation in the long term. Organizations interested in partaking in this financial opportunity are advised to make use of the comprehensive Applicant Guidelines provided, which help in crafting proposals that align with the goals of the fund, therefore maximizing their likelihood of success in securing funding.
This fund establishes a pathway for economic revitalization, leading to enhanced community engagement and a strategic approach to regional growth. Through financial support, training, and strategic guidance, the Regional Development Fund is a cornerstone initiative aimed at transforming the regional economic landscape and fostering sustainable business practices that will have long-lasting impacts on the regions involved.
