Regional Tariff Response Initiative in British Columbia-Funding overview
Accepting applications.
1. Funding overview
Important notice for businesses with commercial projects
Businesses can apply for multiple projects, with each project requesting either repayable or non-repayable funding. However, each business can receive non-repayable funding for only one project over the lifetime of the RTRI. A project cannot combine repayable and non-repayable funding.
Multiple projects must have unique objectives and be submitted in separate applications. Further information is available in the applicant guide.
On this page
- Businesses with commercial projects seeking repayable contributions
- Businesses with commercial projects seeking non-repayable contribution
- Not-for-profit organizations with non-commercial projects that support SMEs
Businesses with commercial projects seeking repayable contributions
Funding:
- Interest-free repayable contribution of $200,000 to $10 million per project
- Up to 75% of eligible costs for commercial projects
Repayment terms:
- Repayment terms will be determined at the contribution agreement stage, but repayment normally begin 1 year after project completion, to be repaid in equal monthly installments over 5 years (additional flexibility may be possible, by exception)
- No collateral required or penalty for early repayment
Funding source:
- At least 25% must come from non-PacifiCan sources, and at least 10% must come from non-government sources
- Combined government assistance from all sources (municipal, provincial, and federal, including PacifiCan’s contribution) cannot exceed 90% of total eligible project costs, but may be up to 100% for projects led by Indigenous applicants
- Projects that secure funds from combined non-PacifiCan and non-government sources to cover larger shares of their eligible costs will be assessed more favourably
Businesses with commercial projects seeking non-repayable contribution
Funding:
- Non-repayable contributions up to $1 million are available to businesses that:
- Generate economic benefits for the local economy or a given region; AND
- Play an important role in supporting the local supply chain
- Lifetime maximum of 1 project per recipient for non-repayable contributions under RTRI
- Up to 50% of eligible costs for commercial projects
Repayment terms:
- Non-repayable
Funding source:
- At least 50% must come from non-PacifiCan sources, and at least 10% must come from non-government sources
- Combined government assistance from all sources (municipal, provincial, and federal, including PacifiCan’s contribution) cannot exceed 90% of total eligible project costs, but may be up to 100% for projects led by Indigenous applicants
- Projects that secure funds from combined non-PacifiCan and non-government sources to cover larger shares of their eligible costs will be assessed more favourably
Not-for-profit organizations with non-commercial projects that support SMEs
Funding:
- Non-repayable contributions up to $10 million for non-commercial projects to support small- and medium-sized enterprises (SMEs)
Repayment terms:
- Non-repayable
Funding source:
- At least 10% must come from non-PacifiCan sources
- Combined government assistance from all sources (municipal, provincial, and federal, including PacifiCan’s contribution) may be up to 100% of total eligible project costs
- Projects that secure funds from combined non-PacifiCan and non-government sources to cover larger shares of their eligible costs will be assessed more favourably
