Business Investment Program
“Newfoundland and Labrador. Tourism, Culture, Industry and Innovation”
$500,000.00
Maximum Eligible Amount
Repayable Contribution
Fund Type
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.
- To provide term loans and equity investments to small and medium-sized enterprises (SMEs) in strategic growth sectors as identified by TCII.
- To assist Newfoundland and Labrador SMEs with opportunities to increase their productivity and improve their competitiveness. The fund is also available to businesses which have export potential and require assistance to enter or expand in external markets.
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