SituationalGrantOpen
Investments in Forest Industry Transformation (IFIT)
Natural Resources Canada · Federal
In plain language
Capital investment grant for commercializing new forest products (bioproducts, advanced wood manufacturing, plastic substitutes). Awards typically $1M–$20M for commercial demonstrations. Heavy due-diligence burden — construction-grade project plans, credible off-take, environmental review. 2026 renewal focus: diversified pulp/paper products, plastic substitutes. NL relevance is niche but real for value-added wood-fibre manufacturers. NRCan targets decision within 100 business days of call closure. Apply only if you already have the project engineered.
Realistic range
$1,000,000 – $20,000,000
Avg award
$6,000,000
Max advertised
$20,000,000
Cost share
50%
Accessibility
2 / 5
Effort
5 / 5
Deadline
—
Repayable?
No
Who qualifies
Entity types
Incorporated, Coop, Indigenous Band
Sectors
Forestry, Manufacturing, Energy
Regions
NL Wide
Demographics prioritized
None specifically
What you'll have to report
Capital milestone reporting via NRCan funding portal; emissions/environmental outcomes reporting; post-project operating metrics.