Energy Efficiency Innovation financing
no fixed amount
Loan
Description:
The Energy Efficiency Innovation financing aims to support eligible seafood businesses with the adoption of energy efficient technologies to reduce GHG emissions. Financing is complementary to the Fisheries and Aquaculture Energy Efficiency Innovation Fund administered by EfficiencyOne and can assist eligible seafood businesses to invest in electrification, operational efficiency or renewal energy and alternative fuel projects.
Comments on Funding:
Successful applicants will be eligible for a 0.50% interest-rate reduction on the entirety of the loan for eligible projects.*
Continuous Intake
Eligibility:
Applicants must be active fishers, aquaculturists, seafood processors, and boat builders as well as those looking to get into or get back into the industry.
Application Steps:
Applicants must:
1. complete and attach the forms required
2. need to complete one of more Appendices as instructed in the application checklist, based on the type of loan you’re applying for. 3. also need an additional copy for a guarantor or when working with your boatbuilder on a new build.
Documentation Needed:
Applicants must submit:
1. Application Form
2. Appendix D – Personal Financial Statement
3. Creditor Life Insurance Form
4. Certificate of Life Insurance
Other Things to Note:
About the author
Maurice
