West Coast Energy Fund
Stó:lō Community Futures (SCF) will be administering the new West Coast Energy Fund (WCEF) throughout Sólh Téméxw, the Traditional Stó:lō Territory. WCEF was announced on May 2nd, 2016 by the Federal Government, as a partnership between Indigenous and Northern Affairs Canada (INAC) Strategic Partnership Initiatives and the New Relationship Trust (NRT). The Program is being delivered by six Aboriginal Financial Institutions (AFIs), including SCF as the Delivery Agent in the Fraser Valley.
This new $5 million loan fund, is specifically targeted to Aboriginal Community-owned businesses and Aboriginal entrepreneurs, that will be participating in the oil, natural gas, LNG and pipeline sectors within BC.
This is an excellent program, that can be complemented by SCF's existing lending programs, that could provide up to an additional $150,000 to qualified Aboriginal entrepreneurs, and up to an additional $500,000, to qualified Stó:lō Community-owned businesses.
For more information, please contact our office at (604) 858-0009.