Eligibility & Process
Funding is directed to
- Groups or associations representing multi-company interests, and serving the objectives of a large geographical area, or the majority of producers of a specific species or product category.
- Academic and forest research institutions
FII funding should benefit multi – company interests and other industry stakeholders and should not be limited to proprietary interests of any one organization/company.
Preference is given to B.C. organisations, but applications will be accepted from organizations headquartered outside of B.C. where clear and specific benefits to the B.C. industry can be demonstrated.
FII does not provide loans, grants or subsidies. Funding is not meant to support an individual firm’s activities but to benefit sub-sectors or the B.C. forest sector as a whole.
Each year FII runs Calls for Proposals for the Wood First Program, and the Market Initiatives Program. The Calls for Proposals usually open in late fall. FII produces an application guide, and investment plan specific to each program to assist proponents as they submit applications (jump to Applicant Resources).
FII manages all funding applications and successful contracts through a password protected Online Funding System. Eligible proponents can request an account and obtain a username and password to the system.
Where applicable, proponents can submit a single & joint proposal to FII and its funding partners. FII and its Federal funding partners run a joint application and evaluation process.
The key steps in the application process are:
- Eligibility assessment
- Drafting and submission of proposals
- Review and evaluation of proposals by FII, its funding partners, and independent industry experts
- Negotiation of final program size, funding, composition
- Drafting of Recipient Agreements for successful proposals
FII funding is available on an annual basis and, as such, proposals do not exceed one fiscal year (April to March). FII may run additional calls for new proposals as needed.
Successful recipients must provide Interim Reports (every four months), and a final Year- End Report, on progress against budget and performance targets through FII’s Online Funding System. FII funding is provided in Interim Advances in line with the budget within the proposal. Final year-end reconciliation of actual expenditure against budgeted amounts occurs in March-April at the end of the annual funding cycle.