The Economic Infrastructure and Innovation Program supports the development of a wide range of projects in targeted sectors, with non-repayable matching funding contributions up to a maximum of $300,000.

The program enables local governments, Indigenous communities, non-profits and other eligible applicants to develop the infrastructure required to support strategic economic development initiatives. Projects should be consistent with local, regional and provincial strategic priorities or meet unique local or regional needs.

All projects must demonstrate incremental economic benefits in the short to medium term (3-5 yrs).  Benefits may include new investment attraction, business, industry or sectoral growth, creation of new employment, new business startup, new visitor or resident attraction, emerging sector development or any other tangible, measurable economic benefits to communities and their residents. 

Preference will be given to projects that:

  • Provide broad regional benefits
  • Demonstrate long term economic and environmental sustainability
  • Demonstrate collaboration between local governments, Indigenous communities and other community or regional partners
  • Integrate barrier-free design principles
  • Demonstrate innovative approaches or new ways of doing things
  • Demonstrate high standards of financial management, accountability and transparency

There are six streams of funding available under the program. See complete EIIP program guidelines for further details.

  • Industry and Business Support
  • Downtown Revitalization
  • Strategic Tourism Infrastructure
  • Destination Trails
  • Innovation Infrastructure
  • Innovation Support

Who can apply:

  • Local and Regional Governments
  • Indigenous Communities
  • Non-profit Societies
  • Community Contribution Companies (C3)
  • Other non-profit organizations involved in economic development such as airport authorities, harbour authorities, industry associations, sectoral organizations or educational institutions

To adjust for variations in economic vitality between communities applying for funding, ICET uses a sliding scale matching funding formula for its contribution of 1:1 (up to 1/2) for smaller, remote and resource dependent communities, 1:2 (up to 1/3) for smaller but thriving communities and 1:3 (up to ¼) for fast growing and less resource reliant communities.

Where projects can be located:

Applicant organizations may be located outside of the Trust area, but must demonstrate that the project and its key benefits are in the ICET region. This area includes the North Island Sunshine Coast Region and the Central South Island, as indicated on the map.

Application Forms and Guidelines

ICET By The Numbers

2,500
person years employment created (construction phase)

ICET By The Numbers

50
locally elected officials and MLAs working together

ICET By The Numbers

$10.4
million annual provincial government revenue generated

ICET By The Numbers

3,650
post completion jobs created

ICET By The Numbers

$4.6
dollars leveraged for every ICET dollar invested

ICET By The Numbers

$236
million leveraged into the region

ICET By The Numbers

$50.5
million disbursed

ICET By The Numbers

$52.1
million committed

ICET By The Numbers

212
economic development projects

ICET By The Numbers

170
projects completed

ICET By The Numbers

36%
projects in small (less than 5,000) communities

ICET By The Numbers

50+
communities with ICET projects

2018-19 Annual Report

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