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Tariff Working Capital Assistance Program
A financing program has been developed to provide working capital financing to assist Prince Edward Island businesses impacted by the new export tariffs implemented by the United States of America (the “Tariffs”), ensuring they can maintain operations, preserve jobs, and invest in alternative supply chain strategies. This new loan program will assist qualifying companies to maintain normal business operations during these unprecedented times. How much financing is available under this program? Eligible applicants can apply to receive a working capital loan of up to $500,000 with a fixed...
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...
Long-Term Care Capital Infrastructure Pilot Program
The Long-Term Care Capital Infrastructure Pilot Program is designed to provide approved Private Long-Term Care facilities with the opportunity to access financing of up to 100% of eligible project costs for new construction and/or fit-up of existing long-term care (LTC) facilities. This funding is intended to facilitate the creation of additional licensed long-term care beds, in areas of need and where a need for increased capacity is required. How much financing is available under this program? The Long-Term Care Capital Infrastructure Pilot Program will have two components: Capital Grant...
Early Years Centre Expansion Low-Interest Loan Pilot Program
The Early Years Centre Expansion Low-interest Loan Pilot Program has been designed in partnership with the Department of Education and Early Years to provide applicants with the opportunity to access financing for new construction and/or expansion of existing Early Years Centres...
Rent-to-Own Pilot Program
The Rent-to-Own Pilot Program gives Island residents with modest incomes who do not currently own a home the opportunity to “rent to own” an eligible home, up to a maximum value of $350,000 (including HST, if any). Eligible Islanders can submit applications to Finance PEI for the opportunity to take part in the Rent-to-Own Pilot Program. Eligibility For an applicant to be eligible for assistance, the following criteria must be met: Applicant does not currently own a home; Applicant will provide a formal written letter confirming that they have been declined by a recognized financial...
Souris Food Park
The Souris Food Park focuses on food processing and manufacturing sectors and is located in the Town of Souris, PE. The Port of Souris is the most diverse of all P.E.I. ports because it is a fishing port, a commercial shipping port and an inter-provincial ferry terminal, making...
Finance PEI Annual Report 2022-2023
Annual Report for Finance PEI, Fiscal Year 2022-2023
Finance PEI Annual Report 2021-2022
Annual Report for Finance PEI, Fiscal Year 2021-2022