The Northern Development Initiative Trust is accepting the first round of applications for a new grant program designed to offset the impacts of Site C on local farming.
There is $250,000 up for grabs in the first intake, which opened Friday, Aug. 2, the Trust said in a news release. The program is open to local farmers, co-operatives, non-profit farm groups, industry associations, and educational institutions conducting research in the region. New agricultural industry entrants and young agricultural operators can also apply.
The Trust is administering the $20-million fund on behalf of BC Hydro and the Peace Agricultural Compensation Fund Board. The Trust says its goal is to preserve the fund's initial $20 million investment by allocating investment returns for grants for the first five years.
“The board is very pleased that the initial returns have allowed for our first intake," said Rick Kantz, chair of the agricultural compensation board. "I look forward to reviewing the applications and working to grow the economy in the Peace Region.”
Applicants can apply for up to 100% of a project's budget, up to a maximum of $250,000. The deadline for applications is Sept. 30 at 4:30 p.m.
To learn more, visit the Trust's website.
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