Foundation / Corporation
Northern Development Initiative Trust
10/31/19 4:30 PM Receipt
Grants of up to $10,000 to Northern and Central British Columbia nonprofit organizations, local governments, and First Nations bands to develop comprehensive business assessments for major infrastructure and building projects. Applicants should contact funding source staff to discuss their project further. The purpose of this grant is to help plan for projects that are expected to increase investment in the region and diversify the economy. The project must be located within Northern Development’s service region.
The Capital Investment Analysis program provides grant funding for the development of a comprehensive business case for a major building or infrastructure project to support an application to Northern Development’s Economic Diversification Infrastructure or Community Halls and Recreation Facilities funding programs, and decisions by other capital cost funders and financers.
Results of studies developed through this program are made publicly available to assist others undertaking similar initiatives in the region.
A capital investment analysis should contain some or all of the following information types (depending on the size, timing, scale and availability of information):
-Reference - project name/reference, origins/background/current state.
-Context - business objectives/opportunities, business strategic alignment (priority).
-Value proposition - desired business outcomes, outcomes roadmap, business benefits (by outcome), quantified benefits value, costs/ROI financial scenarios, risks/costs of not proceeding, project risks (to project and business).
-Focus - problem/solution scope, assumptions/constraints, options identified/evaluated, size, scale and complexity assessment.
-Deliverables - outcomes, deliverables and benefits planned, organizational areas impacted (internally and externally), key stakeholders, dependencies.
-Workload - approach, phase/stage definitions (project (change) activities, technical delivery activities, workload estimate/breakdown, project plan and schedule, critical path).
-Required resources - project leadership team, project governance team, team resources, funding
-Commitments (required) - project controls, reporting processes, deliverables schedule, financial budget/schedule.
Northern Development will assess eligible capital investment analyses based on the proposal's ability to demonstrate the business case for a capital investment decision. The program funds analyses that provide evidence and justification for a capital investment in infrastructure that will have a local impact or broad regional economic impact.
The application should request funding for a business case that demonstrates that the issues have been thought through, the full benefits can be realized on time, and that technical and cost aspects have been thoroughly evaluated. It should allow levels of government and other funders to have a high level of confidence in providing funds for a proposed capital project.
- Consulting fees
- Consultant travel costs directly associated with conducting the study
- Meeting room rental costs directly associated with community and/or industry consultation
- Printing costs directly associated with producing a final report
- Cost of obtaining research material (industry reports, peer-reviewed journals) directly relevant to the study may be eligible
GrantWatch ID#: 172521
Up to $10,000
Preference is given to business cases that are focused on informing capital projects expected to result in significant job creation and construction spending within a two year period.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Canada: British Columbia