Prince Edward Island Broadband Fund (PEIBF) for Internet Service Providers

By mmuise
Description:

The Prince Edward Island Broadband Fund (PEIBF) provides financial assistance to local Prince Edward Island internet service providers (ISPs) for the installation of infrastructure for enhanced broadband services.


Comments on Funding:

Funding is a contribution of up to a maximum of 50% of the eligible costs of the approved project. The maximum, total grant contribution from all Government of Prince Edward Island sources cannot exceed 50%. Loans or other repayable contributions are not included within this calculation. Where a project receives any other grant funding from the Government of Prince Edward Island, the contribution from PEIBF may be reduced.

Deadline: Continuous Intake
Eligibility:

The applicant must:

  • be a local ISP that is installing broadband infrastructure that will provide improved access of 50/10 to underserved civic addresses and/or provide an increased level of service and/or improved consumer choice;
  • be a corporation, either for profit or not-for-profit, that is incorporated in Canada and:
    a) Is registered to do business in the province of Prince Edward Island;
    b) Is registered as a Telecommunications provider with the CRTC;
  • be a Canadian provincial, territorial or municipal entity;
  • be an Indigenous entity including:
    a) A profit or non-profit organization run by and for First Nations, Metis, or Inuit peoples;
    b) A band council within the meaning of section 2 of the Indian Act (Canada);
    c) An indigenous government authority established by a Self-Government Agreement or a Comprehensive Land Claim Agreement;
  • be a public sector body that is established by statute or by regulation or is wholly owned by a province, municipal or regional government which provides services to communities; or
  • be a partnership, joint venture or consortium that is composed of parties identified in (a), (b), (c) and/or (d) above;
    And, that:
    a) builds owns and operates broadband infrastructure; or
    b) enters into a contractual arrangement with an entity identified in (a), (b), (c), (d) or (e) above to design, build, own and operate broadband infrastructure.
  • Federal entities, including Crown corporations, are not eligible applicants.
Application Steps:

The applicant must:

1. submit his application forms and the proposal description to Innovation PEI via online web form or in signed PDF format via email or hard copy prior to the start of a project,

2. accept the letter of offer forwarded to them which shall create a contract between Innovation PEI and the applicant, if the case,

3. provide a financial and status report at each milestone to claim payments.

Documentation Needed:

The applicant must submit:
1. the completed application form,
2. a proposal including the project description, coverage and technical deployment details, project implementation, project management, regulatory requirements (any permits, licenses or environmental approvals), financial requirements (Broadband Internet Network Build, Capital Budget Estimate Worksheet, itemized project costs, including costing detail, sources of project funds, explanatory notes to accompany the budget, detailed Financial Statements for the previous two years for existing businesses and complete business plans for new businesses and businesses planning expansions), description of current business model.

For the PEIBF, payments will be claimed at three key milestones: (1) Planning, (2) Construction, and (3) Completion. At each milestone, a financial and status report will be required.

Other Things to Note:

The PEIBF is administered by Innovation PEI on behalf of the Province of Prince Edward Island. Innovation PEI is a crown corporation of the Government of Prince Edward Island reporting to the Department of Economic Growth, Tourism and Culture.

About the author
mmuise