Investment Attraction Fund

The Fund consists of an allocation for loans and advances towards strategic investments in infrastructure support costs, human resource costs or other costs, as determined by the Department of Business, Tourism, Culture, and Rural Development.
  • Newfoundland and Labrador Department of Business, Tourism, Culture and Rural Development
Overview of the Investment Attraction Fund program:

The Investment Attraction Fund (“Fund”) is designed to attract large-scale businesses and foreign direct investment (“FDI”) to the Province of Newfoundland and Labrador (“the province”). It provides customized financial assistance to inward investors in support of establishing a business in the province or expanding a business as a result of FDI. The Fund consists of an allocation for loans and advances towards strategic investments in infrastructure support costs, human resource costs or other costs, as determined by the Department of Industry, Energy and Technology.

Benefits of the Investment Attraction Fund program:
  • For the purpose of this Fund, inward investment includes investments in start-up or expansion activated by investors external to the province. The investment may be in the form of equity or loans. Inward investments require a direct contribution of funds by the inward investor in addition to any potential funding that may be sourced from the Government of Canada, commercial lending institutions and/or venture capital firms.
Eligibility criteria of the Investment Attraction Fund program:
  • To be eligible for funding, the business must:
  • Be a duly registered company or commit to taking the necessary steps to become a registered company under the Newfoundland and Labrador Corporations Act and/or the Canada Business Corporations Act and legally entitled to conduct business in the Province;
  • Have or commit to have operations situated in the Province;
  • Be in good standing with the Province.
  • The business plan must also demonstrate that the project:
  • Would not proceed without the requested funding support;
  • Be a result of inward investment;
  • Has the potential for long-term sustainability;
  • Will create employment; and,
  • Can bring economic benefit to the Province considering funding provided to the investor from all provincial government sources.
Request Funding Information

Related Funding Opportunities

Explore similar funding opportunities that match your goals.

Quebec Initiative for Construction 4.0 - DiagnosticsOPEN
  • Quebec Ministry of Economy and Innovation
Capital Acquisition ProgramOPEN
  • Innovation PEI
Exhibition AssistanceOPEN
  • Ontario Art Council
Clairvest Group Inc.OPEN
  • Clairvest Group Inc.
Workforce Development ProgramOPEN
  • Government of Manitoba

Other Grants and Funding by Region

Development CapitalOPEN
  • Investissement Quebec
Alliance International Collaboration GrantsOPEN
  • Natural Sciences and Engineering Research Council of Canada
Canada Pavilion ProgramOPEN
  • Agriculture and Agri-Food Canada
FCC Credit LineOPEN
  • Farm Credit Canada
Business purchase or transfer loanOPEN
  • Business Development Bank of Canada
Marigold CapitalOPEN
  • Marigold Capital

More Grants and Funding by Industry

Pangaea Ventures Ltd.OPEN
  • Pangaea Ventures Ltd.
The Anti-Racism Grants ProgramOPEN
  • City of Edmonton
CERIC FundingOPEN
  • CERIC
Canadian Trade Commissioner ServiceOPEN
  • Foreign Affairs, Trade and Development Canada
Canada Music FundOPEN
  • Canadian Heritage
Events GrantsOPEN
  • Access Copyright Foundation
Vehicle loansOPEN
  • Canadian Western Bank
Business Investment ProgramOPEN
  • The Department of Department of Tourism, Culture, Industry and Innovation (TCII)
Georgian PartnersOPEN
  • Georgian Partners
Imperial CapitalOPEN
  • Imperial Capital
CBDC Youth Loan ProgramOPEN
  • Community Business Development Corporations (CBDC)