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Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive
Money for capital purchases in the Northwest Territories
Record updated
- Funding available
- $ 30,000
- Deadline
- Open continuously
- Location
- Northwest Territories, Canada
Overview
Capital Expansion Incentive offsets interest on loans for new capital purchases used to expand an eligible NWT business. Assistance can total $30,000 over two or three years, with no more than $15,000 in one year.
At a glance
Funding available
- Maximum funding
- $30,000
- Automate business operations
- Improve business energy efficiency
- Launch or market a product/service
- Renovate or expand facilities
Eligible candidates
- Location
- Northwest Territories
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- Indigenous Peoples
- Rural or Northern Residents
- Legal structures
- For-profit business
Start applying for this program
Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.
Availability timeline
2026
Periods: 1
Eligibility
Who is eligible?
- NWT businesses in the designated sectors.
Who is not eligible
- Businesses whose proposal would cause market disruption.
- Projects that would effectively benefit only one business under Community Economic Development.
Eligible expenses
- Interest on loans associated with new capital purchases for business expansion.
Ineligible Costs and Activities
- Infrastructure responsibilities of other levels of government.
- Land assembly or residential land development.
- Projects that benefit only one business.
Eligible geographic areas
- Northwest Territories.
- Yellowknife, Hay River, Fort Smith, and Inuvik.
- All other NWT communities.
Activities funded
- Expansion of an eligible NWT business through new capital purchases financed by a loan.
How to apply
- Step 1: Consult your regional Economic Development Officer to discuss your idea.
- Step 2: Complete the application form and attach the documents listed in the checklist.
- Step 3: Submit the completed application to your regional office.
Documents Needed
- Completed application form.
- Project proposal or business plan.
- Project cost quotations.
- Required permits, licences, or compliance documents.
- Supporting financial statements.
Selection criteria
- Proposal quality and feasibility.
- Potential economic impact.
- Use of NWT goods and services.
- Past performance in the program.
- Innovation.
Processing and Agreement
- Applications are reviewed by the regional superintendent or the Director of Business Support and Trade, depending on the scope.
- Applications are assessed against the program criteria, including possible market disruption.
- Applicants are notified in writing of the decision.
- Approved applications proceed under a contribution agreement.
- Follow-up is carried out for financial reporting, results reporting, monitoring, and assessment.
Additional information
Here are additional relevant details for this grant:
- It is emphasized to contact the regional Economic Development Officer prior to proposal development for guidance and insights.
- The application period runs annually from April 1 to March 31, allowing for strategic planning.
- The funding is aimed at defraying costs associated with capital expansion and sector-specific research, indicating a focus on long-term development.
- Equity requirements vary by community group, affecting the required investment from applicants.
Contacts
Official sources
Program guide
2022 SEED Brochure ENG FR WEBApplication form
Politique d’appui aux entrepreneurs et au développement économique (paede) - demande de financementSupporting document
Policy
Frequently Asked Questions about the Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive Program
What is the Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive?
Capital Expansion Incentive offsets interest on loans for new capital purchases used to expand an eligible NWT business. Assistance can total $30,000 over two or three years, with no more than $15,000 in one year.
How much funding can be received?
Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive Funds up to $30,000 of admissible expenses.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive program?
To be eligible for the Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive program, you must:
NWT businesses can apply to the Capital Expansion Incentive category.
Indigenous organizations, business associations, and municipalities can apply to the Sector Research Support category.
Applicants must be involved in agriculture, energy, film, fishing, knowledge economy, tourism, or value–added manufacturing sectors.
What expenses are eligible under Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive?
Interest on loans associated with new capital purchases for business expansion.
Who can I contact for more information about the Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive?
You can contact Government of the Northwest Territories (GNWT) or by phone at 867-587-7171.
Where is the Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive available?
The Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive program is available the province of Northwest Territories.