No Fixed Amount
Type of Program:
The Prince Edward Island Fisheries and Aquaculture Clean Technology Adoption Program (PEIFACTAP) provides funding to Indigenous organizations, commercial enterprises and industry or professional associations in the fisheries and aquaculture sectors of PEI to adopt and implement market-ready clean technologies, processes or sustainable practices to reduce the potential for negative environmental impacts from day-to-day activities. PEIFACTAP participants can apply either as a Fisher/Harvester, Grower or as a Processor.
Comments on Funding:
Total government funding cannot exceed 90% of total eligible projects costs and consists of:
- a minimum of 10%, up to a maximum of $20,000, cash from PEIFACTAP,
- up to 75% cash from Department of Fisheries and Oceans Canada (DFO) FACTAP,
- optional 5% cash or in-kind contribution from other federal or provincial government sources (more if PEIFACTAP reached the maximum of $20,000 and/or if DFO FACTAP is less than 75%).
The applicant is responsible for a minimum of 10% cash of total eligible project costs (more if total government funding is less than 90%).
Financial leverage from other sources outside PEIFACTAP and DFO FACTAP is a key consideration. Projects with multiple and greater sources of funding may rank higher than those without.
When It Ends:
March 31, 2021
The applicant must:
The applicant must go through a two-step approach to apply for funding (i.e., PEIFACTAP and DFO FACTAP).
The Expression of Interest Process allows the applicant to work with the DFC and the DFO to discuss the project proposal and ask questions in relation to the program while will allow the PEIFACTAP to assess if the applicant meets the objectives and eligibility criteria. Once the Expression of Interest form has been received and reviewed by the DFC, a letter of financial support will be provided if the DFC deems the project to contribute to program outcomes. The DFC will then advise the applicant to proceed with
The Project Proposal Application Process entails the email submission of the already completed Expression of Interest form, the PEIFACTAP letter of financial support, a completed Project Proposal Template application and any additional documentation required from the Additional Document Appendices in the Project Proposal Template application to the DFO Regional Project Coordinator. If the project is approved for funding by the DFO, a contribution agreement will be provided. Only once the DFO contribution agreement is signed and a copy provided to the DFC, will the DFC provide a contract and letter of offer to allocate funding as described in the letter of financial support.
The applicant must submit: