🏠 | New Brunswick | Total Development Fund

Total Development Fund

Amount:

no fixed amount

Type:

New Brunswick

Description:

The Total Development Fund (TDF) supports provincial priorities as well as sector/industry-wide initiatives that optimize development, improve productivity, accelerate growth, and/or enhance competitiveness across key sectors/industries.

Comments on Funding:

Level and Type of Assistance
Through the TDF, the Regional Development Corporation may assist in the form of a
non-repayable contribution at the following levels:
• up to 100% to provincial government departments in support of strategic initiatives that have sector-wide impact.
• Up to 40% of provincial contribution towards eligible expenditures with a maximum of 50% under extenuating circumstances to non-profits, municipalities, Regional Service Commissions and First Nation governments.
• Up to 20 % provincial contribution (with exceptions of up to 35% under extenuating circumstances) towards eligible expenditures in all other projects.
• Funding commitments for individual initiatives will not exceed three fiscal years

Deadline:

Continuous Intake

Eligibility:

Applicants must be:

1. Incorporated Legal entities such as a not-for-profits or for profits, municipalities,
Regional Service Commissions, First Nations.
a. The for-profit organization must qualify under federal-provincial agreements requiring a provincial contribution.
b.The project is a key sector, regional or provincial priority as identified and supported by the appropriate GNB Department or Agency (examples: strategic economic or tourism infrastructure requests that will increase development and/or competitiveness, pre-commercialization projects, or market development initiatives).
2. Post-secondary and research Institutions; and
3. Provincial government departments and Crown corporations

Application Steps:

Applicants must contact the Regional Development Corporation by email at RDC-SDR@gnb.ca
(506) 453-2277

Documentation Needed:

No specific documentation has been identified

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.