Capital Acquisition Support

For Prince Edward Island businesses planning to invest in new equipment, technology, or facility improvements, finding ways to reduce upfront capital costs can make growth decisions far more achievable. The Capital Acquisition Support program is designed for companies that are ready to increase capacity, improve productivity, or strengthen their competitiveness through strategic capital investments that support long-term expansion.

Delivered by Innovation PEI, this program offers non-repayable funding of up to about $25,000 to help offset a portion of eligible project costs. It is aimed at export-focused businesses operating in key sectors such as bioscience, advanced manufacturing, aerospace and defence, clean technology, information and communications technology, and creative and cultural industries. Support can be used toward assets like machinery and equipment, as well as renovations or leasehold improvements tied directly to starting or expanding operations. The funding is often used alongside traditional financing, helping businesses lower risk while moving forward with important investments.

Applications are currently being accepted on an ongoing basis, and projects are assessed based on their economic impact, growth potential, and overall benefit to Prince Edward Island. For business owners considering a capital investment and wondering how this program could fit into their financing plan, reviewing the full details can help clarify whether Capital Acquisition Support aligns with your next stage of growth.