OTTAWA – The federal government is making up to $10 million available from the Partnerships stream of the Low Carbon Economy Fund to support projects that reduce greenhouse gas emissions for small and medium-sized businesses with up to 499 employees.
The Partnerships stream will help businesses across the country cut pollution through projects like retrofits, methane capture in municipal waste, switching to cleaner fuels and more efficient business operations, or greener ways to heat or cool existing buildings. Businesses have until November 15, 2019 to apply.
The funding comes from the Government of Canada’s Low Carbon Economy Fund.
According to Clean Energy Canada, the energy efficiency measures in Canada’s climate plan will help improve Canada’s economy and environment between now and 2030 by creating 118,000 new jobs, boost GDP by $356 billion, and save households an average of $114 a year. Every $1 spent on energy efficiency generates approximately $7 of GDP.
The Low Carbon Economy Challenge is part of the Low Carbon Economy Fund and supports projects that will leverage ingenuity across the country to reduce emissions and generate clean growth. The Low Carbon Economy Challenge has two streams:
- Champions stream: With over $450 million available, this stream provides funding to eligible applicants including provinces and territories, municipalities, Indigenous communities and organizations, businesses and not-for-profit organizations. The deadline for submitting formal proposals was September 28, 2018.
- Partnerships stream: With $50 million available, this stream will provide funding through two separate opportunities.
- First intake: Approximately $40 million for projects led by Indigenous communities and organizations, small and medium-sized businesses, not-for-profit organizations, and small municipalities. The deadline for submitting proposals was March 8, 2019.
- Second intake: Approximately $10 million for small and medium-sized businesses in Canada with up to 499 employees. The application process is open from August 13 to November 15, 2019.