The B.C. government is opening applications for a new financing program aimed at helping First Nations take ownership stakes in major economic developments across the province.
The First Nations Equity Financing Program will provide up to $1 billion in loan guarantees, designed to help Indigenous communities secure commercial financing to invest in revenue-generating projects within their territories.
Officials say the program is intended to address long-standing barriers to capital, including limited credit history, lack of collateral and higher borrowing costs.
By backing a portion of project loans, the province hopes to make it easier for First Nations to partner with private developers and participate more directly in economic growth.
Projects supported through the program must demonstrate strong financial viability, generate revenue, and contribute to job creation and economic development. Eligible sectors include natural resources, energy, tourism and agriculture.
The loan guarantees can cover up to 20 per cent of a project’s total capital cost, with individual guarantees ranging from $5 million to $400 million. Projects are divided into two categories: small and medium-sized developments, ranging from $25 million to $125 million, and large-scale projects valued above that threshold.
The province says the financing tool is not a direct loan or grant, but rather a financial backstop that helps First Nations secure funding from lenders. The government would only step in if a borrower defaults on the loan.
The program is being delivered by the Ministry of Finance in partnership with the Ministry of Jobs and Economic Growth and is part of the province’s broader strategy to encourage investment and support participation in key economic sectors.
Officials say the initiative is expected to strengthen partnerships, support long-term economic sustainability, and increase opportunities for Indigenous communities to benefit from projects taking place on their lands.