Strategic Investments Program — Nunavut Economic Foundations Fund

Communities and organizations across Nunavut that are focused on strengthening local economies often face challenges accessing resources for long-term, regionally driven development. The Strategic Investments Program under the Nunavut Economic Foundations Fund is designed to support initiatives that help build sustainable economic foundations, particularly in sectors that matter most to Nunavut communities. Delivered by the Government of Nunavut’s Department of Economic Development and Transportation, the program takes a broad view of economic growth, recognizing that strong communities are essential to a resilient territorial economy.

Rather than focusing only on individual business expansion, this program supports projects that create shared economic benefits. Funding support may be used for initiatives such as organizing industry or community events, developing professional and skills-based training opportunities, and investing in physical community assets that enable economic activity. Projects that enhance local capacity, encourage participation in key industries, or strengthen regional collaboration are well aligned with the program’s intent. Funding amounts vary depending on the scope and impact of the project, and support is provided on a non-repayable basis to help reduce financial risk for approved applicants.

The Strategic Investments Program is well suited for organizations, businesses, and community groups in Nunavut that are working toward long-term economic development goals. For those considering a project that could benefit their region, learning more about how this program works can help determine whether it fits your plans.