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