Atlantic Canada Business Grants

IT Industry

Prince Edward Island Broadband Fund (PEIBF) for Internet Service Providers

by |

Amount:

No Fixed Amount

Type of Program:

Grants

Description:

The Prince Edward Island Broadband Fund (PEIBF) provides financial assistance to local Prince Edward Island internet service providers (ISPs) for the installation of infrastructure for enhanced broadband services. 

Comments on Funding:

Funding is a contribution of up to a maximum of 50% of the eligible costs of the approved project.
The maximum, total grant contribution from all Government of Prince Edward Island sources cannot exceed 50%. Loans or other repayable contributions are not included within this calculation. Where a project receives any other grant funding from the Government of Prince Edward Island, the contribution from PEIBF may be reduced. 

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

  • be a local ISP,
  • be installing broadband infrastructure that will improve internet access to a community, increase service levels and/or improve consumer choice.

Application Steps:

1

submit his application forms and the proposal description to Innovation PEI via online web form or in signed PDF format via email or hard copy prior to the start of a project,

2

accept the letter of offer forwarded to them which shall create a contract between Innovation PEI and the applicant, if the case,

3

provide a financial and status report at each milestone to claim payments. 

Documentation Needed: 

The applicant must submit:

  • the completed application form,
  • a proposal including the project description, coverage and technical deployment details, project implementation, project management, regulatory requirements (any permits, licenses or environmental approvals), financial requirements (Broadband Internet Network Build, Capital Budget Estimate Worksheet, itemized project costs, including costing detail, sources of project funds, explanatory notes to accompany the budget, detailed Financial Statements for the previous two years for existing businesses and complete business plans for new businesses and businesses planning expansions), description of current business model.

For the PEIBF, payments will be claimed at three key milestones: (1) Planning, (2) Construction, and (3) Completion. At each milestone, a financial and status report will be required.

Other Things to Note:

The PEIBF is administered by Innovation PEI on behalf of the Province of Prince Edward Island. Innovation PEI is a crown corporation of the Government of Prince Edward Island reporting to the Department of Economic Growth, Tourism and Culture.

Program Contact:

Broadband Fund for Internet Service Providers

Broadband Fund ISP.pdf