Green Transition Fund Program

💡What Is This Program?

🎁What Benefits Are Offered?

Non-repayable funding to de-risk commercial and non-commercial activities that facilitate Newfoundland and Labrador's transition to a green economy. Supports include greening commercial operations in traditional sectors, developing new green opportunities, R&D (TRL 3-9), supply chain improvement, market development, and education/awareness. Funding covers incremental technology, capital, and specialized labour costs. Non-commercial projects can receive up to 50% of eligible costs; commercial projects up to 40%. Indigenous and Rural projects have no minimum funding size.

📋What Are the Application Steps & Timeline?

📝Steps to ApplySource

• Submit a completed Expression of Interest/Application by email
• Wait for notification of project suitability
• If suitable, submit a full project proposal within 60 days

🌐Application PortalSource

https://www.gov.nl.ca/iet/funding/green-transition-fund-program/

📤Submission MethodSource

email

📅Key DatesSource

June 6th, 2024Expression of Interest Release

July 12th, 2024Expression of Interest/Application Deadline

60 days from written notification of project suitabilityProposal Submission Deadline

🔄Intake TypeSource

fixed-deadline

📄What Documents Are Required?

✅Required DocumentsSource

• Completed Expression of Interest/Application
• Supporting documentation

📎Optional DocumentsSource

• Letters of support or formal agreements with supporting organizations

📐Format Requirements

PDF only, max 10MB

📥Templates AvailableSource

• Expression of Interest/Application

✉️Supporting LettersSource

Letters of support or reference may be required from key project partners

💰What Expenses Are Eligible?

🧾Eligible ExpensesSource

• Activities to increase education and awareness of key issues affecting the commercial ecosystem regarding the transition to a green economy
• Incremental technical costs to support green economy supply chain development and production efficiencies
• Costs associated with greening of commercial operations, including specialized consultants, feasibility studies, technical studies, green certification review and preparation, and incremental technology implementation costs
• Capital costs (specific to green transition projects) where specialized technology may be required for project development or completion
• Commercial research and development and demonstration/pilot projects supporting green economy technologies with Technology Readiness Levels three to nine (3-9)
• Market development activities including industry-wide promotion of capabilities, export readiness and market entry strategies, specific to the green economy
• Specialized labour costs, specifically assigned to green transition projects, may be eligible, which may include incremental wages and salaries for positions requiring new technical skills, supply chain or market development expertise, or other specialized skills required for project success, and not available through other funding programs

🚫Ineligible ExpensesSource

• Building and land acquisition, leasehold improvements, renovations, furniture, structural/mechanical repair, and other non-specialized capital costs
• Administration costs, non-incremental business development costs, or operating costs
• Labour that is non-incremental, not directly assigned to the project, or is not in a specialized or skilled area identified for project success
• Any costs incurred prior to application
• Specific costs such as proposal development are ineligible

📏Expense CapsSource

Non-Commercial: project funding will not normally exceed 50 per cent of eligible project costs, as a non-repayable contribution; Commercial: project funding will not normally exceed 40 per cent of eligible project costs, as a non-repayable contribution.

💳Payment ModelSource

reimbursement

⏪Retroactive Expenses EligibleSource

No

🤝Is Matching Funding Required?

🔀Matching RequiredSource

Yes

📊Matching RatioSource

50%

🏦Eligible Matching SourcesSource

• cash
• in-kind

📚Stacking RulesSource

Eligible for higher consideration where it is evident there are no other sources of funds

🛡️Proof of Matching RequiredSource

Documentation to prove matching funds is required

📊What Are the Reporting Requirements?

🗓️Reporting FrequencySource

annual

📑Reporting RequirementsSource

• project updates
• progress claims

🔍Audit RequirementsSource

Audits may be required to ensure compliance with funding terms.

📢Branding RequirementsSource

Recognition of the Government of Newfoundland and Labrador is required.

🗄️Record Retention PeriodSource

7 years