Total Development Fund

The Total Development Fund (TDF) supports provincial priorities as well as:

• sector/industry-wide initiatives that optimize development
• improve productivity
• accelerate growth
• and/or enhance competitiveness across key sectors/industries

The Regional Development Corporation (RDC)  is responsible for the overall management of the Total Development Fund.

The fund is available to: 

• Incorporated Legal entity such as a not-for-profit or for profit, municipalities, Regional Service Commissions, First Nations
• Post-secondary and research Institutions 
• Provincial government departments and crown corporations 

Projects supported with this fund must be linked to a regional or government priority and/or a departmental strategy and be able to demonstrate an economic benefit to the applied sector/industry or to the province in:

Increased efficiency and productivity: Increased adoption and adaption of new and innovative practices and technology by the private sector.

Strategic infrastructure: Support infrastructure initiatives that increase development and competitiveness in key sectors.

Research and development: Emphasis will be on applied research that focus on commercial objectives regarding products or processes for the benefit of the sector being targeted.

Strategic sector initiatives: Support government priorities of the day as recommended by line departments and government.

All funding applications under the TDF will be received, assessed, and evaluated by the Regional Development Corporation. The President of the Regional Development Corporation will have authority to approve funding for projects.

The amount of detail and supporting evidence to be provided in an application will be relative to the size, complexity and funding amount requested. Due to limited resources however, not all projects meeting eligibility criteria will necessarily be approved.

Application evaluation

Applications will be evaluated against the following eligibility and assessment criteria:

• The project benefits: The proposed project benefits, and their value to the province / region 
• The project viability: The likelihood that the proposed project can be realized / completed as proposed. 
• The project sustainability: The probabilities that the project or the intended effects of the project can be maintained once it has been completed.  
• The applicant viability: The state of the operational and financial stability of the applicant. 
• The applicant capacity: The management and financial capacity of the client to meet costs associated with the delivery of the project.

All proposals submitted for assessment are subject to applicable environmental assessment requirements and to the Government of New Brunswick’s duty to consult policy where applicable.