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First funding goes to rural diversification

August 9, 2016 1:26 P.M.

Project development grants, the first aimed at economic diversification of rural communities through B.C.’s Rural Dividend Fund, were announced Tuesday for 10 local government in the region.

In the first intake of the three-year, $75-million fund, 47 grants, totalling $464,294, will be awarded to 30 local governments, 15 First Nations and two not-for-profit organizations from around the province.

The project development grants, of up to $10,000 each, will be used to promote economic sustainability, while contributing to a community’s overall resilience and liveability.

Recipients in the region include:

  • Adams Lake First Nation
  • Village of Ashcroft
  • District of Barriere
  • Village of Cache Creek
  • Village of Chase
  • Lytton Indian Band
  • Simpcw First Nation
  • Skeetchestn Natural Resources L.L.P.
  • Thompson-Nicola Regional District

The province committed to launching the B.C. Rural Divident in April to give priority to project development applications and announce funding decisions in the summer. The early decisions will give successful applicants the funds needed to develop their project applications for future intakes.

Final decisions on project applications for single applicants (up to $100,000) and partnerships (up to $500,000) will be announced in September.

A second intake of the B.C. Rural Dividend will run from Oct. 3, to Oct. 31. Applicants are advised to check for the updated program guide online — — in September, as eligibility requirements are being reviewed as part of a continuous improvement process.

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