PEI Broadband Fund for Businesses
The Prince Edward Island Broadband Fund provides financial assistance to local Prince Edward Island internet service providers (ISPs), communities and businesses for the installation of infrastructure for enhanced broadband services.
Offered by Innovation PEI
Amount
Up to 50% of the eligible costs
Up to 50% of the eligible costs of the approved project (total grant contribution from all Government of Prince Edward Island sources cannot exceed 50%)
Quick eligibility check
Who can apply
You may be eligible to access the Prince Edward Island Broadband Fund (PEIBF) if you are:
- A Prince Edward Island for-profit business that is a sole proprietorship, partnership, cooperative or limited liability company that requires access to new or upgraded services to their business premises.
- Not-for-profit businesses
- Teleworking access
New project submissions from an applicant in default on any reporting, project completion or financial obligation to Innovation PEI will not be reviewed until a resolution to the default is reached.
A project may be eligible for PEIBF support where costs will be incurred for a business to gain access to new or upgraded internet services to their business premises.
The applicant must demonstrate that all remaining financing is in place, contracted, and sufficient to see the project through to its completion.
About the funding
The Prince Edward Island Broadband Fund (PEIBF) provides a contribution of up to 50% of the eligible costs for a project approved for funding.
The contribution from PEIBF is 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%. Where a project receives any other grant funding from the Government of Prince Edward Island, the contribution from PEIBF may be reduced.
All applicants will be required to inform PEIBF of financial assistance received or requested for the project prior to the approval of a contribution. Furthermore, the contribution agreements will contain a continuing disclosure obligation, for the duration of the agreement, concerning other government assistance.
Once Innovation PEI has determined that all required documentation has been received, and validated the value of the payment available from the PEIBF, it will issue payment to the applicant via cheque or electronic funds transfer.
Eligible costs are those direct costs that can be specifically identified and measured as having been required and incurred to implement and complete the project, including but not limited to the direct labour and materials costs for connection of the business premises.
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