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 one year after project completion, to be repaid in equal monthly installments over five 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 one 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
