🏠 | Prince Edward Island | Capital Acquisition Assistance

Capital Acquisition Assistance

Maurice
By Maurice | May 1, 2025

Amount:

$25,000

Type:

Grant

Description:

Capital Acquisition Assistance supports Prince Edward Island businesses investing in technology, equipment, and infrastructure needed to grow their business and increase capacity and competitiveness.

Comments on Funding:

The program provides up to 25 per cent of the eligible costs to a maximum of $25,000 assistance.

Deadline:

Continuous Intake

Eligibility:

The applicant must:
1. be a Prince Edward Island business, 2. be registered to conduct business and actively operating in Prince Edward Island, 3. be manufacturing, processing, or developing goods or services primarily for export, 4. operate within one of these strategic sectors: bioscience, aerospace and defence, advanced manufacturing and processing, renewable energy and clean technology, information and communications technology, creative and cultural industries (first-of-its-kind exportable goods or services in other sectors may be considered), 5. not have a defaulted outstanding debt obligation on file in the Province’s Central Default Registry.

Application Steps:

The applicant must:
1. consult with an Innovation PEI Business Development Officer for guidance on the suitability of the project and the application process, 2. complete the online application form.

Documentation Needed:

Applicant mus submit:

1. outline the history and provide a description of the business;
2. existing businesses will need detailed Financial Statements for the previous two years;
3. new businesses will need a completed business plan;
description of the proposed project or activity in relation to the products and/or services delivered by the business;
4. detailed description of the economic benefits to the organization and to Prince Edward Island;
5. detailed information on the estimated costs of the proposed project or activity (cost estimates should be supported by written quotations);
6. source of funds for the project (for example, lending institutions, banks, government loans and/or grants);
7. explanation of the business’s current market position and projected market, outlining any increases in market share; and
8. a list of all shareholders and key management personnel.

Web Page:

https://www.princeedwardisland.ca/en/service/capital-acquisition-assistance
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.