Small Business Investment Grant

For small businesses in Prince Edward Island, keeping up with rising costs and evolving technology often means making capital investments sooner than planned. The Small Business Investment Grant from Innovation PEI is designed to ease that pressure by helping businesses offset part of the cost of purchasing assets that improve efficiency, productivity, or innovation. Rather than a loan, the program offers non-repayable support toward qualifying capital purchases, making it especially appealing for owners who want to invest without taking on additional debt.

The grant can support a wide range of projects, from new equipment and technology upgrades to leasehold improvements and energy-efficient enhancements. Funding generally covers a portion of eligible capital costs, helping businesses modernize operations, streamline workflows, or prepare for growth. The program is open to many industries across the province and is particularly relevant for established small businesses that are actively operating and reinvesting in their operations. Businesses with a strong export focus may also want to compare this option with other Innovation PEI programs geared toward larger-scale capital acquisition.

Applications are currently being accepted, with a straightforward process that ties funding to actual purchases made within the program period. For PEI business owners planning capital upgrades in the near term, taking a closer look at how the Small Business Investment Grant works could help determine whether it’s the right fit for your investment plans.