Rental Incentive Assistance

The Rental Incentive Assistance contributes to rental costs for Prince Edward Island companies to establish a new business or to expand existing production capabilities. Assistance may be as: +A contribution towards the cost of leasing additional space in any community in the province, or +Competitive rates and terms for leased space in a PEI business park (500-10,000 square feet)

Grant Deadline

Deadline not available

Funding Amount

$60,000

Type of Grant

Sectors

Demographics

Incorporation

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

Who is eligible for Rental Incentive Assistance?

To be an eligible applicant, a business must be located in Prince Edward Island and:

• be registered to conduct business and actively operating on Prince Edward Island; 
• manufactures, processes, or develops goods or services primarily for export;
• operates within one of these strategic sectors: 
• bioscience
• aerospace and defence
• advanced manufacturing and processing
• renewable energy and clean technology
• information and communications technology
• creative and cultural industries
• first-of-its-kind exportable goods or services in other sectors may be considered.

A business that has a defaulted outstanding debt obligation on file in the Province’s Central Default Registry is not eligible for Innovation PEI assistance.

Ineligible applicants include:

• retail and consumer service businesses;
• a business that has a defaulted outstanding debt obligation on file in the Province’s Central Default Registry. 

Grant Application website

https://www.princeedwardisland.ca/en/service/rental-incentive-assistance

Contact

Contact Information

Phone: 902-368-6300

Toll-free (North America): 1-800-563-3734

Fax: 902-368-6301