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CANADIAN INDUSTRY ONLINE - OCTOBER 2013
Financing Programs:
1.
The REIP is intended to provide debt or equity financing to large-scale businesses in either the Energy or Resource sec-
tors of the Manitoba economy. All investments will be made in Manitoba to enhance the ownership and participation
of First Nations or First Nation entrepreneurs in those businesses that show high potential for viability. Applicants must
present a sound business plan.
2.
This program is intended to provide support for large-scale First Nations enterprises, which, in the opinion of the Fund,
have a business concept that, through initial screening, provides excellent opportunity.
3.
This program is intended to assist First Nation entrepreneurs by providing capital and/or working capital through sub-
ordinated interest-free loans that will enhance the applicant’s ability to leverage financing from other institutions and
agencies.
4.
This program is intended to assist First Nation community-owned businesses for startup, expansions or acquisitions. The
intent is that these viable businesses will provide for the creation of wealth and jobs for First Nations.
Support Programs:
1.
This program is intended to provide support to Manitoba First Nation individuals or First Nation-based enterprises which,
in the opinion of the Fund, have a business concept that, through initial screening, provides excellent opportunity but
demonstrates a need for financial assistance with a professional business plan.
This program allows the applicant to engage the services of a professional consultant to assist in the research and devel-
opment of a quality business plan that will be used to attract financing.
2.
This program is intended to provide professional support to new businesses that have obtained assistance under another
FPEGF program in order to help improve the opportunity for success.
3.
This program supports rapid business readiness training for new and existing First Nations entrepreneurs to develop
their management and marketing skills.
4.
FPEGF’s newest program is the Business Contribution Fund (BCF).
The BCF will consider non-repayable contributions to Manitoba First Nation clients for eligible capital and operating costs
to start, expand or acquire a viable business.
The BCF may contribute up to 40% of the eligible costs to a maximum of $99,999 for entrepreneurs and $250,000 for
community-owned businesses, based on a viable business plan and subject to other financing being in place.
The BCF will also look at non-repayable contributions for Business Plans, Marketing and related Business Support services.
SUMMARY OF PROGRAMS
