Capital and Innovation Program

Last updated on December 31, 2024

Description

Island Coastal Economic Trust's (ICET) Capital and Innovation Program invests up to $200,000 in communities of all sizes to implement vital regional and community-based infrastructure to support sustainable economic diversification and growth that strengthens wellbeing.

The goals are to:

  • Grow and diversify inclusive local and regional economies
  • Spur new investment by First Nations, local governments, private industry, social enterprises, and the provincial and federal governments through collaborative partnerships
  • Create new revenue streams that will be re-invested into projects and communities
  • Increase climate resiliency
  • Build long-term assets that are financially sustainable​

Eligibility requirements

Eligible organizations include:

  • First Nations: Governments, bands, corporations controlled by First Nations
  • Local and Regional Governments: Municipalities, regional districts, and incorporated areas
  • Registered not-for-profit organizations and charities: Local community-based organizations, economic development organizations, industry associations, regional and sectoral organizations, educational organizations and institutions

Visit ICET’s website for support on your application.

Status

Open and Continuous

Applications are reviewed in the order they are received. ICET will work closely with you on the development of your project plan and application to ensure it meets your community’s needs and maximizes impact. Staff will review completed applications and make a recommendations for funds to be approved.

Administration

Island Coastal Economic Trust serves more than 500,000 British Columbian and Indigenous residents, more than 100 First Nations governments, local governments, and rural unincorporated communities across Vancouver Island, the southern Great Bear Rainforest, the Sunshine Coast, and islands and inlets from the Salish Sea to Cape Caution. Their mission is to invest in inclusive economic development, diversification, and innovation in partnership with communities. ICET administers this program through funding from the Ministry of Jobs, Economic Development and Innovation.

Contact information

Island Coastal Economic Trust (ICET)