Investment Attraction Fund
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Eligibility & Details
What this program funds and who can apply
Program Description
Provincial fund providing customized loans and advances to attract large-scale businesses and foreign direct investment (FDI) to Newfoundland and Labrador, covering infrastructure, human resources, and other approved project costs. Assistance is negotiated case-by-case and requires the investor to contribute directly to the project alongside any other funding secured.
Eligibility Requirements
- Be a duly registered company under the Newfoundland and Labrador Corporations Act and/or the Canada Business Corporations Act (or commit to becoming registered) and be legally entitled to conduct business in the Province
- Have, or commit to have, operations situated in Newfoundland and Labrador
- Be in good standing with the Province of Newfoundland and Labrador
- Project would not proceed without the requested funding support
- Project must be a result of inward investment (foreign direct investment), not pre-existing domestic activity
- Project must demonstrate potential for long-term sustainability
- Project will create employment in the province
- Project can bring economic benefit to the province, considering all provincial government funding already provided to the project
- The inward investor must make a direct contribution to the project — in the form of equity or loans
Quick Assessment
Funding Details
- Amount
- Customized loans and advances — no published maximum
- Type
- Loan
- Level
- Provincial
- Deadline
- Ongoing — continuous intake, no fixed deadline
Program Scorecard
Competition, effort, and approval at a glance
Everything you need to secure Investment Attraction Fund
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 7 rejection pitfalls reviewers flag — so you catch them first
- 8-document checklist with what each reviewer is actually checking
- 5-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 2-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what lenders look for
How to qualify
Insider tips, common pitfalls, and what successful applicants look like
Insider TipThis is a relationship-driven, negotiated fund rather than a form-based application — email [email protected] early to discuss your project before writing the full business plan, since the department can flag whether your project meets the 'inward investment' and 'would not proceed without funding' tests before you invest time in the paperwork.
Rejection Pitfalls 7
- Project is not the result of inward or foreign direct investment (e.g., a purely domestic expansion with no external investor component)
Success Profile
Evaluation Criteria
Application Playbook
Step-by-step process, required documents, and expenses
Application Steps
Required Documents 8
Eligible Expenses 3
Deadline Notes
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
Compatible Programs
Clawback Risk
Medium RiskHow Investment Attraction Fund Compares
Side-by-side with similar programs
| Program | Amount | Difficulty | Payment | Deadline |
|---|---|---|---|---|
| Investment Attraction Fund | Customized loans and advances — no... | Hard | Mixed (Advance + Reimb.) | Ongoing — continuous... |
| NL Business Growth Program | Up to $200,000 | Moderate | Reimbursement | Ongoing |
| Ocean Supercluster | Up to $5 million | Hard | Reimbursement | Call-specific — no open... |
| Atlantic Canada Opportunities Agency ... | Up to 50% of capital costs | Moderate | Reimbursement | Ongoing |
| Business Development Program (BDP) - ... | Varies (Repayable Contribution) | Moderate | Reimbursement | Ongoing |
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Frequently Asked Questions
Quick answers to the questions founders most often ask about Investment Attraction Fund