The CAPITAL Programs support the development of a wide range of strategic economic development, diversification and innovation initiatives.

Eligible applicants include:

  • 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


DIVERSIFY – Capital and Innovation Program

Helps deliver vital regional and community-based assets, amenities and services to support sustainable economic diversification and growth, as well as enhanced quality of life in targeted sectors.

Funding streams include Business and Industry Support, Downtown Revitalization, Strategic Tourism Infrastructure, Destination Trails, Innovation Infrastructure and Innovation Support.

Non-repayable Matching Funding contributions are available up to a maximum of $300,000.

GUIDELINES AND APPLICATION FORM

VIEW PREVIOUSLY FUNDED PROJECTS


THRIVE – Small Capital Program

Supports new, innovative and concept driven small capital initiatives that drive new vitality to downtown, Main Street or business districts. Projects should foster increased visitor attraction, resident engagement and increased commercial activity.

Up to $50,000, to a maximum of 100% of the eligible project budget is available.

Funding for this program is provided in partnership with Tourism Vancouver Island (TVI) and the Vancouver, Coast and Mountains tourism region, managed by Destination BC (DBC) as part of StrongerBC: BC’s Economic Recovery Plan.

GUIDELINES AND APPLICATION FORM

READ OUR NEWS RELEASE

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

2,750
post completion jobs created

ICET By The Numbers

$4.6
dollars leveraged for every ICET dollar invested

ICET By The Numbers

$246
million leveraged into the region

ICET By The Numbers

$52.3
million disbursed

ICET By The Numbers

$55.2
million committed

ICET By The Numbers

230
economic development projects

ICET By The Numbers

210
projects completed

ICET By The Numbers

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

ICET By The Numbers

50+
communities with ICET projects

2020-2021
ANNUAL REPORT

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