GOV NL – Green Transitions Fund – EOI / Application
Environment, Energy and Natural Resources
Deadlines
Academic Unit: Inquire within unit
Memorial Deadline: Friday 25th, August 2023
External Deadline: Thursday 31st, August 2023
Description
Please note: This expression of interest/application will be used as a pre-assessment tool to determine if the proposed project is eligible and suitable for the Green Transition Fund. Should this expression of interest/application be approved, the next step is an assessment of the full project proposal.
RIS will be offering support with application development for this opportunity. Prospective applicants are encouraged to contact Dr. Jennifer Stevens (v5js@mun.ca) or Dr. Amanda Crompton (ajcrompt@mun.ca) early during the development process to discuss the services available to them.
The Green Transition Fund provides financial support to businesses, organizations, post-secondary institutions, and industry associations to assist with the province’s transition to a green economy. The program will de-risk commercial and non-commercial activities that facilitate collaboration, investment, and industry growth required for the transition.
The Green Transition Fund targets the greening of commercial operations in traditional sectors and development of new opportunities related to the growth of a green economy. The program additionally targets research and development projects related to green transition, and projects that support green economy supply chain improvement. The program also targets projects led by Indigenous and rural proponents that are focused on a green economic transition.
Proponents are encouraged to partner with other stakeholder groups that will help ensure the success of their proposed projects. Stakeholders may include other commercial enterprises, academia, municipalities, community-based groups, and other relevant stakeholders as required.
Program Objectives
The Green Transition Fund is a key mechanism to facilitate the necessary collaboration,
investment, and industry growth to assist transition to the green economy through:
• Facilitating green economy supply chain collaboration and technology adoption.
• Expanding local supply chain, export and diversification opportunities.
• Attracting investment in areas where there are gaps in innovation, technology and supply
chain capabilities, while not duplicating other funding programs.
• Improving natural resource industry competitiveness by reducing environmental impacts
and promoting green processes, development, and operations.
• Contributing to economic growth in Newfoundland and Labrador.
• Promoting the province as a world leader in green economy excellence, sustainable
development, and environmental stewardship
FINANCIAL ASSISTANCE
The program will normally provide financial support in the form of non-repayable funding with parameters of:
- Commercial/Non-Commercial requests: $75,000 minimum to $3 million maximum (Indigenous and Rural projects have no minimum project size).
- Non-Commercial project funding will not normally exceed 50 per cent of eligible project costs.
- Commercial funding will not normally exceed 40 per cent of eligible project costs.
- Deadline: Proponents must provide a completed GTF Expression of Interest/Application no later
than 4:00 pm on August 31st, 2023 - Proposal Submission Deadline 60 days from written notification of project suitability
- More details can be found here.