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Finance PEI Annual Report 2022-2023
Annual Report for Finance PEI, Fiscal Year 2022-2023
About Finance PEI Board of Directors
The role of the board of directors is to provide strategic direction to Finance PEI as the lead financing group for the Province of Prince Edward Island as legislated in the Finance PEI Act. Who serves on the Board? The board includes six representatives of the private sector...
Energy Efficiency Loan Program
The Energy Efficiency Loan Program (EELP) will provide financing for Prince Edward Island home-owners who are approved applicants under either of efficiencyPEI’s Energy Efficient Equipment Rebate and Home Insulation Rebate programs. This will assist with the up-front costs...
Fisheries and Aquaculture Financial Assistance
Finance PEI also administers the Fishers Low Interest Loan Program. Finance PEI provides term loans and operating lines of credit to businesses in commercial fishery and aquaculture. Repayment terms match the cash flow of the business. Application Fee: The application fee is...
Loan payments deferred for one month
Today, Government is deferring all loan payments with clients of Finance PEI, Island Investment Development Inc., and PEI Century Fund for the month of October due to the impacts of Hurricane Fiona. “Hurricane Fiona has caused significant disruption for may industries across...
Subdivision Development Financing Program
The Subdivision Development Financing Program (SDFP) is a financing support pilot program that will help qualified developers offset infrastructure costs for long-term residential housing developments. This program will support projects funded through the Municipal Infrastructure Fund (MIF). How much financing is available under this program? The Subdivision Development Financing Program will provide qualified developers and landowners with access to 2% financing on up to 90% of eligible project costs associated with subdividing and developing vacant land into individual residential lots for...