Island Coastal Economic Trust board and management team, January 2023
Founded by the Province, Governed by Coastal Communities
Continuously learning and evolving
Over the years, our role and our programs have continuously evolved to meet a wide range of stakeholder needs. In 2020-21, the Province expanded Island Coastal Economic Trust’s service area to include the Capital Regional District electoral areas of Juan de Fuca, Salt Spring Island, and the Southern Gulf Islands. More than half a million residents call our region home. We work in close collaboration, forming high-trust relationships with people and organizations in urban areas, First Nations governments, rural towns, and unincorporated communities including those situated on islands and in coastal inlets.
A Community-led Development Organization
Our investments into projects across the coast are guided by our governing legislation, and we commit each funding agreement towards community-led projects. Funds are strategically invested to spur economic development across key economic sectors including technology and innovation, small business, tourism, agriculture and aquaculture, transportation, forestry and mining.
Diversifying and Growing Our Economy
Since inception, Island Coastal Economic Trust has invested over $59 million through partnerships with community-led initiatives spanning our entire coastal region area. This includes First Nations, local governments, regional governments, non-profits, industry organizations, educational institutions, and others—all leading the way in developing a resilient and sustainable coastal economy.
Communities have directly invested more than $323 million in their projects by leveraging our unique locally driven and accountable funding model. Communities across the region have created significant permanent jobs, catalyzed and revitalized economic sectors, improved quality of life, and spurred the transformational change needed to fulfill community needs and aspirations for more resilient and sustainable islands and coastal economies.
A Strategic Approach to Economic Development
Through our Capital and Innovation program we provide matching funds to First Nations, local governments and non-profit societies for infrastructure projects that support strategic economic development, tourism projects that support local businesses, innovative projects that focus on adopting and adapting to new approaches and new technologies. Through our Investment Readiness program, we fund the development of strategies to attract new investment for community level economic development.