The Provincial Department of Tourism, Culture, Industry and Innovation- Business Investment Fund.

Business Investment Fund

The Department of Department of Tourism, Culture, Industry and Innovation (TCII) recognizes business and sector development as the key to economic development. The Business Investment Fund provides a source of funding to business and economic sectors that responds to the changing needs of enterprises. The Business Investment Fund is comprised of two components: the Business Investment Program and the Business Development Support Program.

Business Investment Program

The Business Investment Program provides term loans and equity investments to small and medium-sized enterprises (SMEs) in strategic growth sectors as identified by TCII. The fund is also available to businesses which have export potential and require assistance to enter or expand in external markets. Funds are provided to complement funding from conventional sources, where a need has been demonstrated, and are also intended to increase the capital base of businesses allowing them to leverage new private-sector investments.

Business Development Support Program

The Business Development Support Program assists Newfoundland and Labrador SMEs with opportunities to increase their productivity and improve their competitiveness. The program supports SMEs who demonstrate a desire to develop and grow by improving the operations of the business, investing in its people, and focusing on trade opportunities. TCII assistance will be targeted towards businesses in strategic sectors that normally focus on export markets and/or improve import substitution. Funding is available for productivity improvements, knowledge development, market development and/or professional technical advice.

Available Funding

The Business Investment Program is in the form of repayable term loans to a maximum amount of $500,000 per government fiscal year at the department's base rate of three per cent.

Equity funding in the form of redeemable preferred shares to a maximum of $500,000 per project; maximum aggregate of $1 million is available.

The Business Development Support Program is in the form of a non-repayable contribution(s) to a maximum amount of $100,000 per government fiscal year. The contribution level will be up to 50 per cent of eligible costs, with the business identifying their access to the remaining funding to complete the project(s).

Eligible Applicants

Eligible applicants must normally:

  • Be a small and medium-sized enterprise (SME) based and operating in Newfoundland and Labrador having fewer than 100 employees and less than $10 million in sales.
  • Demonstrate its ability to undertake the work identified in the project proposal.
  • Demonstrate its ability to access the financial capital required to complete the project.
  • Operate in a strategic sector as defined by TCII.
  • Be in good standing with the Government of Newfoundland and Labrador.

Please visit this link for additional information and contact information;  https://www.tcii.gov.nl.ca/programs/bif.html

32 Comments

  • jordan shoes said

    I in addition to my guys were actually examining the excellent guides on your web page while unexpectedly I got a terrible feeling I had not expressed respect to you for those techniques. All of the women became certainly joyful to read all of them and have unquestionably been loving them. Many thanks for simply being quite helpful and also for going for some decent subject areas millions of individuals are really eager to be informed on. My honest regret for not saying thanks to sooner.

  • yeezy boost 350 v2 said

    My wife and i have been so thankful that Chris managed to finish up his research through your ideas he got out of your weblog. It's not at all simplistic just to continually be making a gift of helpful hints which the rest may have been trying to sell. We really keep in mind we have the writer to thank for this. The most important explanations you made, the easy blog navigation, the relationships your site give support to foster - it's mostly fantastic, and it's making our son in addition to our family reckon that this theme is exciting, and that's extremely indispensable. Thanks for all!

  • ferragamo belt said

    Needed to put you one very small word to say thanks the moment again on your pretty pointers you have shared on this site. It was simply seriously generous of you giving unreservedly all that most people might have marketed as an e book to get some bucks for themselves, principally since you could possibly have done it in the event you considered necessary. These concepts additionally acted to provide a great way to recognize that someone else have similar desire really like my very own to learn way more when considering this problem. I am certain there are some more enjoyable moments ahead for individuals who view your website.

  • supreme clothing said

    My husband and i got so ecstatic that Edward could deal with his research through your precious recommendations he discovered using your blog. It is now and again perplexing to just be giving freely things which usually other folks could have been making money from. And now we figure out we need the blog owner to appreciate for that. All the illustrations you have made, the easy site navigation, the friendships your site aid to create - it is all terrific, and it's really making our son and the family consider that the situation is pleasurable, which is wonderfully mandatory. Many thanks for all!

  • coach outlet said

    I in addition to my friends were checking out the great guides from your web site then then I had a horrible feeling I never thanked the web blog owner for those secrets. All of the people are actually for this reason warmed to see all of them and already have in truth been making the most of those things. I appreciate you for being considerably considerate and for choosing this form of superior subject matter most people are really eager to be informed on. My very own honest regret for not expressing appreciation to you earlier.

  • gamefly said

    Usually I don't learn article on blogs, however I wish to say that this write-up very forced me to check out and do it!
    Your writing taste has been surprised me. Thank you,
    very great post.

  • adidas yeezy said

    I wish to show my appreciation to you for rescuing me from this matter. Just after searching through the world-wide-web and coming across solutions which are not beneficial, I believed my entire life was well over. Being alive devoid of the solutions to the issues you have resolved by way of your report is a crucial case, and the ones that might have adversely affected my career if I had not noticed your website. Your main mastery and kindness in playing with all things was crucial. I'm not sure what I would've done if I had not encountered such a point like this. I can now look ahead to my future. Thank you very much for the specialized and sensible help. I will not think twice to endorse your web sites to any person who needs tips on this situation.

  • gamefly free trial said

    Hey I know this is off topic but I was wondering if you knew
    of any widgets I could add to my blog that automatically tweet my newest twitter updates.

    I've been looking for a plug-in like this for quite some time
    and was hoping maybe you would have some experience with something like this.
    Please let me know if you run into anything. I truly enjoy reading your blog and
    I look forward to your new updates.

  • gamefly free trial said

    We're a bunch of volunteers and starting a brand new scheme in our community.
    Your site provided us with useful info to work on. You've performed a formidable
    process and our whole neighborhood will probably be grateful to you.

  • adidas ultra boost said

    My husband and i have been so joyous when Peter managed to conclude his homework through the entire precious recommendations he made out of the web site. It's not at all simplistic to just choose to be making a gift of concepts which often people might have been trying to sell. And we recognize we now have the blog owner to thank because of that. The entire illustrations you've made, the easy site menu, the relationships you will help to promote - it is everything sensational, and it's really facilitating our son in addition to us do think that topic is pleasurable, which is wonderfully vital. Thank you for everything!

  • chrome hearts said

    I needed to put you that bit of observation to finally give thanks the moment again just for the unique basics you've shown on this page. This has been simply pretty open-handed of you to convey openly precisely what most people might have marketed for an e-book in making some money for their own end, primarily considering that you might well have tried it in the event you decided. Those smart ideas in addition acted like the good way to realize that some people have the identical dream just as my personal own to know more and more with regards to this condition. I am sure there are some more pleasant opportunities up front for those who start reading your site.

  • gamefly said

    What's up mates, how is the whole thing, and what you would like to say concerning this piece of writing, in my
    view its genuinely amazing designed for me.

  • jordan 4 said

    I needed to compose you the little word just to give many thanks over again considering the spectacular strategies you have shown in this case. It's so strangely generous with you to offer easily what a number of people would have marketed as an e book to help with making some dough for themselves, particularly since you could possibly have tried it in the event you desired. The tricks additionally served to be a easy way to realize that other people online have similar zeal just like my very own to understand more and more around this matter. I am sure there are many more pleasant sessions up front for individuals who browse through your site.

  • download minecraft free said

    Hi, I do believe this is a great blog. I stumbledupon it ;) I am going to come back once again since I bookmarked it.
    Money and freedom is the greatest way to change, may you be rich and continue to help other people.

  • minecraft download said

    Great work! This is the type of info that should be shared around
    the web. Shame on the search engines for not positioning this submit upper!
    Come on over and seek advice from my site . Thanks =)

  • nike cortez women said

    I intended to write you that very little remark so as to give many thanks once again for all the marvelous knowledge you have documented in this case. This is certainly particularly generous with you in giving without restraint just what most of us could have marketed as an e book in order to make some dough for themselves, and in particular seeing that you could possibly have done it if you desired. Those tactics likewise worked as the fantastic way to fully grasp the rest have the identical dreams really like mine to find out way more around this matter. I am sure there are some more pleasurable moments in the future for many who discover your blog post.

  • minecraft free download pc said

    This is really interesting, You are a very skilled blogger.
    I have joined your rss feed and look forward to seeking
    more of your magnificent post. Also, I have shared your site in my social networks!

  • g said

    I'm extremely impressed with your writing skills as well
    as with the layout on your blog. Is this a paid theme or did you
    modify it yourself? Anyway keep up the excellent quality writing,
    it's rare to see a nice blog like this one these days.

  • g said

    Very good article! We will be linking to this great
    content on our website. Keep up the good writing.

  • g said

    I'm gone to tell my little brother, that he should also pay a visit this webpage
    on regular basis to obtain updated from newest information.

  • yeezy boost 350 v2 said

    I in addition to my buddies have already been viewing the best techniques located on your web site and then immediately I got an awful suspicion I never expressed respect to the web site owner for those tips. Those ladies happened to be for this reason thrilled to read all of them and already have quite simply been taking advantage of those things. I appreciate you for actually being very accommodating as well as for picking this sort of superior ideas most people are really needing to be informed on. My personal honest regret for not expressing appreciation to you sooner.

  • minecraft free download said

    This is very interesting, You are a very skilled blogger.
    I've joined your feed and look forward to seeking more
    of your magnificent post. Also, I've shared your website
    in my social networks!

  • minecraft download pc said

    Quality content is the key to be a focus for the users to pay a visit the web page, that's what this web site is providing.

  • yeezy boost 350 v2 said

    I really wanted to write down a quick message to thank you for those remarkable techniques you are giving out here. My time consuming internet lookup has finally been rewarded with pleasant know-how to go over with my good friends. I 'd express that we visitors actually are unequivocally fortunate to exist in a great website with very many marvellous professionals with useful techniques. I feel rather lucky to have encountered the website and look forward to so many more entertaining moments reading here. Thanks again for a lot of things.

  • free minecraft said

    It's an remarkable piece of writing in favor of all the web users; they will get benefit from it I am sure.

  • russell westbrook shoes said

    I have to express my appreciation to you just for bailing me out of such a problem. Because of surfing around through the internet and getting ideas which were not pleasant, I assumed my entire life was gone. Being alive minus the answers to the difficulties you have resolved all through your good short post is a serious case, as well as those that could have in a wrong way affected my career if I had not discovered your web page. Your skills and kindness in taking care of every item was crucial. I am not sure what I would've done if I hadn't encountered such a solution like this. I can also now look ahead to my future. Thanks so much for the reliable and result oriented guide. I won't be reluctant to refer the website to anybody who would need guidance on this situation.

  • stephen curry shoes said

    A lot of thanks for every one of your labor on this site. My aunt really loves making time for internet research and it's really simple to grasp why. My spouse and i know all regarding the lively manner you offer both interesting and useful tricks via your web site and as well strongly encourage participation from some other people on this situation while our simple princess is actually starting to learn a whole lot. Have fun with the rest of the new year. You're the one doing a great job.

Add a Comment