For Prince Edward Island businesses planning a major equipment purchase, facility upgrade, or technology investment, finding ways to reduce upfront risk can make all the difference. Capital Acquisition Assistance is designed to help PEI companies move forward with growth projects that increase capacity and competitiveness, particularly when those investments support export-focused operations. Delivered by Innovation PEI, the program works alongside traditional and alternative financing to make capital projects more achievable.
This funding is especially relevant for businesses in strategic and emerging sectors such as advanced manufacturing, bioscience, clean technology, ICT, and creative industries, as well as companies developing new exportable products or services. Support is non-repayable and typically covers a portion of eligible capital costs, with contributions often reaching up to about $25,000 depending on the scope and impact of the project. Eligible investments can include machinery and equipment, as well as renovations or leasehold improvements tied directly to business expansion or establishment.
Because applications are assessed on broader economic impact and long-term viability, the program tends to favour well-planned projects that demonstrate clear benefits to both the business and the province. Capital Acquisition Assistance is generally available on an ongoing basis, making it a timely option for PEI businesses preparing for their next growth phase. Exploring the full program details can help determine whether your planned investment is a strong fit.
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