Economic Development Fund — Tier 3

Larger, transformative projects often need more than incremental funding to get off the ground, especially in a small but diverse economy like Yukon’s. For businesses and organizations planning significant investments that strengthen long-term economic resilience, the Economic Development Fund — Tier 3 offers substantial support to help move ambitious ideas forward. This stream is aimed at projects that go beyond day-to-day operations and focus on innovation, sustainability, and strategic growth across a wide range of industries in Yukon.

Delivered by the Government of Yukon’s Department of Economic Development, Tier 3 funding is designed for initiatives that can meaningfully increase competitiveness or open new economic opportunities. This may include expanding into new markets, building internal capacity, investing in capital-intensive improvements, or developing approaches that support diversification within the territory’s economy. Funding can reach up to around $500,000 per project and is provided as non-repayable support, helping offset a significant portion of eligible project costs and reduce financial risk for proponents.

Because this tier focuses on higher-impact projects, applications are typically expected to demonstrate clear economic benefits and a well-developed plan. Businesses considering a major investment or expansion in Yukon may find this program especially relevant, and reviewing the full program details can help determine whether a proposed project is a strong fit.