How much is awarded?
The Value-Added Manufacturing program will provide a maximum contribution of up to 50% of the total eligible expenses for the proposed project. This amount of available funding each year is limited, and the form it will take, whether a loan, forgivable loan or non-repayable contribution, will depend on the strategic value of the project.
Research and Development funding amounts to a maximum contribution of $50,000 per project meant to cover up to 50% of eligible costs. Such financial assistance will come in the form of a non-repayable contribution covering eligible project expenses, such as capital, operating wages, laboratory costs and analysis, and salary expenses of essential workers within the project.
Depending on the project’s importance to the solid waste-resource management strategy for Nova Scotia, further funding may be awarded. This financial support might come in the form of a repayable loan depending on the project’s strategic value.