Investment Attraction Fund
The Investment Attraction Fund (āFundā) is designed to attract large-scale businesses and foreign direct investment (āFDIā) to the Province of Newfoundland and Labrador (āthe provinceā). It provides customized financial assistance to inward investors in support of establishing a business in the province or expanding a business as a result of FDI.
Offered by Department of Jobs, Growth and Rural Development, Government of Newfoundland and Labrador
Amount
No fixed amount
Quick eligibility check
Who can apply
Must be a registered NL or Canadian corporation operating in the province, in good standing, and demonstrate the project would not proceed without support, results from inward investment, creates employment and provides economic benefit.
About the funding
Customized financial assistance to inward investors: loans and advances towards strategic investments in infrastructure support costs, human resource costs or other costs; the investment may be in the form of equity or loans
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| FCC Financing Food and Beverage | Loan | No fixed amount | Open |
| Business Development Program (BDP) | Loan | Interest-free, unsecured repayable funding of up to 50% of the capital needed to grow or launch a business | Open |
| BDC Industrial Innovation Venture Fund | Investment | No fixed amount | Open |
| BDC Start-up financing | Loan | Up to $150,000 | Open |
