Indigenous Equity Initiative (IEI)
$100,000,000.00
Loan, Investment
Description:
Through the IEI, our investment team looks to lend to Indigenous communities to provide them with access to capital to purchase equity stakes in infrastructure projects in which the CIB is also investing. Economic returns from these projects can be reinvested in the community, narrowing the economic and infrastructure gap among Indigenous communities.
Comments on Funding:
$5M – $100M and up to 90% of the Indigenous equity interest
Continuous Intake
Eligibility:
The applicant’s proposal must:
1. Fall within at least one of the CIB’s priority sectors (Clean Power, Green Infrastructure, Broadband, Trade & Transportation, Public Transit), and be for the purchase of an equity stake in a project where the CIB is already considering another investment;
2. Include First Nation, Metis and Inuit communities on whose traditional territory the project is situated;
3. Demonstrate a financing gap for the equity stake purchase; and
4. Require financing of no more than 90% of the Indigenous equity purchase through a loan size between $5 million and $100 million.
Application Steps:
Applicants must email indigenous@cib-bic.ca
Documentation Needed:
No specific documentation has been identified
Other Things to Note:
About the author
Maurice
