Resource & Energy Investment Program - First Peoples Economic Growth Fund Inc. (Manitoba, Canada)

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Last modified on February 12, 2015.

EZFeed Policy

Place Manitoba


   
Applies to States or Provinces Manitoba
Name Resource and Energy Investment Program - First Peoples Economic Growth Fund Inc. (Manitoba, Canada)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province











Funding Source Government of Canada, Manitoba Hydro and First Peoples Economic Growth Fund




Maximum Incentive $2,000,000 (Canada)










Program Administrator First Peoples Economic Growth Fund Inc.
Primary Website http://www.firstpeoplesfund.ca/resource_and_energy_investment.php
Applicable Jurisdiction First Nations of Manitoba


Last Review 2014-09-05
Last Substantive Modification
to Summary
2013-09-09

Information Source http://www.firstpeoplesfund.ca/docs/FPEGF_REIP_Brochure_Oct_2010.pdf


Summary

The Resource and Energy Investment Program is intended to provide debt or equity financing to large-scale businesses in either the resource or energy sectors of the Manitoba economy. All investments will be made in Manitoba to enhance the ownership and participation of First Nations or First Nations entrepreneurs in those businesses that show high potential for viability. Applicants must present a sound business plan.

Financing is available from $500,000 to $2,000,000 (Canada)and will typically represent about 20% of the total financing required. A variety of debt or equity financing instruments can be tailored to meet the client’s needs.

Businesses funded under this program must:

- have a profit objective (not-for-profit projects will not be considered) - demonstrate viability through a sound business plan - primarily operate in Manitoba - be in the resource or energy sectors (including servicing major resource or energy developments)

While First Nation ownership and control is the ultimate goal, it is recognized that many of these larger-scale business ventures may be partnerships or joint ventures where the First Nation owners will be less than 50%.



Policy Contact

Department First Peoples Economic Growth Fund Inc.

Address 315 – 260 St. Mary Avenue

Place Winnipeg, Manitoba
Zip/Postal Code R3C 0M6
Phone 204-942-6026

Fax (204) 942-6441
Email info@firstpeoplesfund.ca
Website http://www.firstpeoplesfund.ca/contact.php
     
     


















References