The West Coast Energy Fund (WCEF) was created in partnership between Indigenous and Northern Affairs Canada – Strategic Partnerships Initiative and the New Relationship Trust (NRT). It will be delivered by our BC Aboriginal Financial Institutions (AFIs) partners.
The WCEF is a $5 million capital fund that is available to support small to large sized Aboriginal (First Nations, Inuit, Métis and Non-Status) entrepreneurial and Community businesses based in British Columbia (BC). The WCEF will support businesses that are related to oil and gas and liquefied natural gas (LNG) projects, either directly or indirectly, through supply chain procurement opportunities. This includes exploration, pipeline build outs and plant developments, and other opportunities to be evaluated on a case by case basis.
Procurement for purposes of the WCEF is any business opportunity that provides either products or services in support of, or directly to, the development of oil and gas and LNG.
Eligible projects include the following:
The WCEF can provide financing for an eligible project of up to 25% of eligible costs following these guidelines:
Serves South East British Columbia, Okanagan, Fraser Canyon North, and North East British Columbia
Serves Central Interior BC
Serves Nuu-chah-nulth Territory and beyond, Vancouver Island West, and Vancouver Island– Campbell River North
Serves Fraser Valley – Upper and Lower
Serves Fraser Valley – Upper and Lower, Islands between Vancouver Island and the Mainland, and Vancouver Island – South of Campbell River
Serves North West British Columbia and Haida Gwaii