No Fixed Amount
Type of Program:
The Broadband Fund 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 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:
The applicant must:
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,
accept the letter of offer forwarded to them which shall create a contract between Innovation PEI and the applicant, if the case,
provide a financial and status report at each milestone to claim payments.
The applicant must submit:
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.