Expression of Interest (EOI) for Funding: If you want to get financial support for your project, the first thing you need to do is send in an Expression of Interest (EOI).
Submission Period: Check back in early 2024.
Next Steps After EOI Approval: If a Travel Alberta Destination Development Manager likes your EOI and gives it the thumbs up, they will send you a special link. This link will take you to an online application form.
Application Period: If you receive an application link, you can apply from September 12 to October 13.
No Guarantee with the Link: It's important to understand that just because you get the application link from Travel Alberta, it doesn't automatically mean you'll get the funding. If you have any questions about this process, you can send them to email@example.com.
Criteria for Growth Projects: If your project is all about growth, there are a couple of things you need to keep in mind:
- Your project must be "shovel ready," which means you've already gotten all the necessary approvals, permits, and financing in place.
- You also need to have secured at least half (50%) of the total money you need for your project.
Travel Alberta's Authority: Travel Alberta has the final say in managing funding requests. They might say no to projects that don't meet their rules or if they have too many requests to fund.
Funding Approval Process: If Travel Alberta approves your funding request, they will send you a Travel Alberta Grant Agreement.
Getting the Funds: Once everything is set and your project is approved, the money will be sent to you through an Electronic Funds Transfer (EFT). This means the money will go directly into your bank account electronically.
Releasing Funds: After your project is approved, and you've given them all the necessary documents, you will receive the full amount.
Investment Decision Timing: Decisions about who gets the money won't be made until late in the year 2023. So, you'll need to be patient and wait a little while to know for sure.
Take your time to prepare your application, make sure you meet all the requirements, and best of luck with your funding application!