NWEF: Community Development Component
The purpose of the Community Development Component is:
- to finance projects or leverage additional funding that will provide quality sustainable infrastructure that will support local economic projects, social projects or community groups in areas such as youth, seniors, community beautification, recreation, arts & culture.
What are the application requirements?
- Applications must be submitted to the Department of Agriculture and Fisheries - Rural Development Division.
- Applications must be supported by a sustainability plan which includes the forecasted operating costs and revenues.
- Applications must be supported by the proponent’s statement verifying its responsibility for all ongoing costs related to the project.
Who is eligible for funding?
- Incorporated or registered not for profit organizations which have a mandate for community improvements or economic development activities.
- A municipal government, or its agent, including a corporation that is wholly owned by the Applicant.
- Non profit cooperatives, that do not issue share dividends
What activities will be funded?
- Capital projects or initiatives that will improve the rural economic capacity, which may include projects that support primary industries, tourism, manufacturing, processing, innovation and technology or other economic disciplines that create wealth.
- Capital projects or initiatives that will enhance the social, youth, seniors, community beautification, arts & cultural, and recreational development of the area.
- Projects that will encourage population retention and growth in the defined area.
What funding assistance is available?
- Funding to projects that promote the interests of the area defined and are supported by the Northside Windmill Enhancement Committee. This component will provide normally not more than 75% funding for eligible projects, to a maximum contribution of $125,000.
What is the claim process?
- Advances of up to 50% may be made on approved projects at the time when the project has commenced. Based on a suitable claim for the initial advance a second advance may be provided for an additional 40% of the contribution. There will be a 10% hold back until the project is compete and a suitable claim submitted in the amount of the total project expense.
- Final Claims must be submitted before the project end date.
Who do I contact for more information?
Community Development Officer in Eastern Kings
Phone: (902) 687-7083
September 19, 2016