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Small Business Investment Grant

by opportunitydiary

Application Deadline: March 31st, 2022.

The Small Business Investment Grant helps Prince Edward Island’s small businesses improve efficiency and innovation by way of a non-repayable financial contribution toward the purchase of eligible capital asset cost.

Eligibility

To be an eligible applicant, a business must be located in Prince Edward Island and:

  • be registered to do business in Prince Edward Island as a for profit entity
  • actively operating on Prince Edward Island; and
  • be the primary source of income for the applicant OR employ at least one employee (minimum of 560 hrs).

Ineligible applicants include:

  • a business that has a defaulted outstanding debt obligation on file in the Province’s Central Default Registry; 
  • not-for-profit organizations or associations;
  • fishers, farmers, and realty companies (including commercial/residential landlords and developers); and
  • banks and financial companies, including pawnbrokers, pay day loan, cheque cashing and white label cash machines. 

Application Procedure

Innovation PEI encourages potential applicants to consult with an Innovation PEI Business Development Officer for guidance on the suitability of the project, other program offerings, and the application process.  If the project is not a good candidate for a Small Business Investment Grant, the Business Development Officer may recommend alternative funding programs. 
Once ready, an applicant can apply:

  • online 
  • by requesting a printable application form; or
  • by submitting a hardcopy application by mail or fax.

Official Website: Small Business Investment Grant

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