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Rural Albertas Development Fund
   
About the Fund
About the Funding Criteria and Guidelines
About Eligibility
About Project Assessment
About the Role of the Provincial Government

About the Fund

Is the $100M new dollars or dollars redirected to this program?
The $100m is new money that was allocated by the Government of Alberta and does not involve redirecting funds from any existing or former programs. The funds are administered by Rural Alberta’s Development Fund which is an arm’s length company formed under Part 9 the Companies Act.

How will the funds be administered?
Rural Alberta’s Development Fund’s objective is to have the $100 million fully committed by the spring of 2010, and the funding fully disbursed by the fall of 2011.

What are the funding limitations?
The Fund will not provide loans or loan guarantees. It will not take equity or royalties or own intellectual property. It will not provide funding to for profit businesses even though they may be partners in a project. The funding would be directed to a partner that is an eligible applicant.

Is there a limit to how much one project can request for funding?
The minimum contribution to a project is $50,000. Fund staff may refer smaller projects to existing government programs. The maximum Fund contribution to any individual project is $5.0 million.

Applicants must provide 25% or more to the overall cost of the project.


How long will it take to get my project approved?
Approximately four to six months from the day the application is submitted.

What about costs that were incurred before the funds were approved?
Retroactive costs are not reimbursed.