Green Transition Fund | Commercial
“Newfoundland and Labrador. Industry, Energy and Technology”
$3,000,000.00
Maximum Eligible Amount
Government Grant
Fund Type
The Green Transition Fund provides financial support to businesses, organizations, post-secondary institutions, and industry associations to assist with the province’s transition to a green economy. The program will de-risk commercial and non-commercial activities that facilitate collaboration, investment, and industry growth required for the transition.
The Green Transition Fund targets the greening of commercial operations in traditional sectors and development of new opportunities related to the growth of a green economy. The program supports research and development projects related to green transition and green economy supply chain improvement. The program includes streams for projects led by Indigenous and rural proponents that are focused on a green economic transition.
The program will normally provide financial support in the form of non-repayable funding with parameters of:
- Commercial/Non-Commercial requests: $75,000 minimum to $3 million maximum (Indigenous and Rural projects have no minimum project size).
Non-Commercial project funding will not normally exceed 50 per cent of eligible project costs.
Commercial funding will not normally exceed 40 per cent of eligible project costs.
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