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Capital Investment Analysis

Grants to British Columbia Nonprofits, Municipalities
and First Nations for Capital Project Assessments

GrantWatch ID#: 172521
Agency Type:

Foundation / Corporation

Northern Development Initiative Trust

10/31/17 - 4:30 PM

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Grants of up to $10,000 to Northern and Central British Columbia municipalities, regional districts, First Nations, and nonprofit organizations to defray the cost of advanced business case studies that will lead to major capital infrastructure projects. Applicants must contact program staff prior to applying.

Features and benefits of the program:

-Provides grant funding to develop a business case that helps a local government, First Nations band or registered non-profit commit capital to a substantial major infrastructure project that supports economic growth or diversification

-Provides funding that helps develop a comprehensive business case to support an application to Northern Development’s Economic Diversification Infrastructure or Community Halls and Recreation Facilities program and/or capital cost financers

-Preference is given to investment analyses that are focused on informing capital projects expected to result in significant job creation and substantial new revenue generation

-Results of investment analyses are made publicly available to assist others undertaking similar initiatives in the region

-Time sensitive approval process for complete and well documented applications objective

Program Objective: To finalize a strong business case that provides the ability to make a capital commitment to a major infrastructure project.

The Capital Investment Analysis program (formerly the Feasibility Studies program) provides funding for municipalities, regional districts, First Nations bands, and registered nonprofit organizations to finalize a strong business case for a major building or infrastructure project that is generally aligned with Northern Development’s Economic Diversification Infrastructure or Community Halls and Recreation Facilities funding programs.

Required project and funding application features:

-The project is aligned with the requirements and mandate of the funding program

-The capital investment analysis is focused on a project that is aligned with the Economic Diversification
Infrastructure or Community Halls and Recreation Facilities funding programs

-The funding request is incremental to government (local, provincial, federal) mandate and funding

-The funding request is supported by local government through a resolution. Applicants are responsible for securing a resolution outlining support for the Northern Development funding request from a municipality or regional district which contains the name of the business case, the amount applied for, and the account from which the grant is requested. The applicant must provide a copy of the resolution of support to Northern Development before a funding decision can be made

-The funding request is supported by the regional advisory committee through a resolution. Completed applications are forwarded by Northern Development to the appropriate regional advisory committee (RAC) that recommends project decisions to the board of directors

-A detailed request for proposal and the selected response which outlines the proposed scope of work and the quote from a selected consultant must be provided as an attachment to the funding application

Eligible costs:

-Consulting fees
-Consultant travel costs directly associated with conducting the study
-Meeting room rental costs directly associated with community and/or industry consultation
-Printing costs directly associated with producing a final report
-Cost of obtaining research material (industry reports, peer-reviewed journals) directly relevant to the study may be eligible

Northern Development provides grant funding under this program up to a maximum of $10,000 or 50% of an eligible project budget.

Preference is given to business cases that are focused on informing capital projects expected to result in significant job creation and construction spending within a two year period.

Who Can Apply:

-First Nations
-Municipalities / Regional Districts
-Not For Profits

Ineligible Costs:

-Operational costs and staff wages
-Travel to meetings, conferences, workshops, and meeting hospitality (meals, coffee, snacks, etc.)
-Purchases of equipment or tools
-In-kind (volunteer) labor
-Monetized donations (donated materials, equipment, or services from third parties)
-GST and PST
-Costs incurred prior to signing the agreement with Northern Development

Funding applications are continuously accepted to this program on a quarterly intake cycle.

Grants provide up to 50% of project costs. Applicants must provide confirmation of all other sources of project funding prior to Northern Development entering into a funding agreement. Applications that have confirmed other funding at the time of review by the board of directors are preferred.

In an effort to assist you in determining if your application is qualified for funding, the Trust has provided a self-assessment tool (attached below). The self-assessment tool has been created using Microsoft Excel. Please contact Northern Development staff to discuss your project in further detail.

Application Process:

1. Applicant contacts Northern Development to discuss the proposed project scope and potential alignment with the funding program. See Northern Development’s staff webpage for the key contact in your region

2. The applicant completes a funding application and submits the application to Northern Development

3. Once Northern Development confirms alignment between the application and the funding program, the applicant submits the complete application to a municipality or regional district with a request for a resolution of support

4. The municipality or regional district determines whether it will provide a resolution of support for the funding request from the appropriate account. The resolution of support must clearly state the amount of the funds requested, that the request is for a grant, and the appropriate regional development account from which the funds will be provided

5. A copy of the resolution of support from the municipality or regional district is obtained by the applicant and forwarded to Northern Development

6. Northern Development staff conduct due diligence of the application, and forward the funding request to the appropriate regional advisory committee for recommendation. The regional advisory committee determines whether to support the funding request

7. Once a recommendation supporting the funding application is provided by the regional advisory committee, Northern Development staff finalize due diligence, incorporate the regional advisory committee’s recommendations, and present the funding request to the board of directors at their next scheduled meeting

8. Following the board meeting, Northern Development staff will notify the applicant of the board’s funding decision by phone. A formal letter is mailed to the applicant

9. A funding agreement (enabling Northern Development to disburse funding for the project) will be provided to the applicant for signature once the applicant has provided documentation confirming of all other funding sources in writing to Northern Development

10. Annual reporting for two years on key deliverables specific to the funding program is a requirement of applicants with approved funding agreements

More information about funding programs and deadlines may be found here:
http://www.northerndevelopment.bc.ca

Important Dates:
http://www.northerndevelopment.bc.ca/about/events

If your community experienced job losses as a result of the pine beetle epidemic, you may be eligible for additional funding through the following program:
http://www.northerndevelopment.bc.ca/funding-programs/pine-beetle-recovery-funding

More information about the Northern Development’s Economic Diversification Infrastructure program may be found here:
http://www.northerndevelopment.bc.ca/funding-programs/community-development/economic-diversification-infrastructure/

More information about the Community Halls and Recreation Facilities program may be found here:
http://www.northerndevelopment.bc.ca/funding-programs/community-development/community-halls-and-recreation-facilities/

More information about deadlines may be found here:
http://www.northerndevelopment.bc.ca/about/events/annual-quarterly-funding-application-intake-deadline/

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

For program inquiries contact:

Northern Development Initiative Trust
301-1268 Fifth Avenue
Prince George B.C. V2L 3L2
Canada

250-561-2525
info@northerndevelopment.bc.ca

See the full text of this grant

Canada: British Columbia

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