Métis Energy and Resource Program

The Métis Energy and Resource Program is designed to provide financial resources to Métis groups, associations, community businesses and Métis entrepreneurs to partner and/or joint venture with businesses which provide support services to the Energy and Resource sector.  Support services are the backbone that ensures that major energy and resource businesses produce the commodities and value added resources for the global economy.  The mandate for MERP is specific to this market need and opportunity, to encourage Métis economic participation and ownership in industries that support major energy and resource developments in Saskatchewan.

Under the Métis Energy and Resource Program (MERP) the Clarence Campeau Development Fund (CCDF) will provide equity and debt financing to allow Métis entrepreneurs and communities to viable businesses.  Funding will be directed to medium and large scale businesses and these programs will compliment the existing programs and services offered by CCDF.  The energy and resource sectors will include, but not limited to mining, energy, oil and gas, alternative energy and forestry.

 

MERP PROGRAM APPLICATION

 

Equity Contribution Program – MERP

This program is intended to increase the involvement of Métis entrepreneurs in the Energy and Resource sectors.

CCDF can provide financial assistance of the lesser of $ 500, 000 or 50% of the value of fixed assets plus 35% of working capital and inventory costs identified in the program.

Minimum funding under this program is $ 250, 000 up to a maximum of $1,000,000.

Businesses funded under this program must generate a minimum of 60% of its revenue from the Energy and Resource sectors.

Each business must be supported by a professional business  plan and demonstrate the feasibility & viability of the business.

Method of Investment:

  • Common Shares
  • Preferred Shares
  • Mortgages
  • Other forms of Debt

Purpose:

  • Establishing a new business
  • Purchasing an existing business
  • Expansion or Renovation of a business that will result in increased capacity and revenue

Eligibility:
To be eligible for support, an applicant must be a Saskatchewan resident of Métis ancestry or a Saskatchewan Corporation or Partnership that is operating in the province of Saskatchewan. 

Community Infrastructure Development Program – MERP

This program is intended to address the identified lack of capacity and infrastructure required to develop and sustain Métis community-owned businesses.

Funding will be provided in two components:  a non-repayable contribution of up to $200,000 and a repayable contribution of up to $800,000.

CCDF will identify two communities, regions and or locals to participate as a partner community in the business.  The communities will be selected based on business opportunities identified with industry and the business readiness of the community.

Minimum funding under this program will be $201, 000 up to a maximum of $1,000,000.  Businesses funded under this program must generate a minimum of 60% of its revenue from the Energy and Resource sectors.

Each business must be supported by a professional business plan and demonstrate the feasibility and viability of the business.

Method of Investment:

  • Common Shares
  • Preferred Shares
  • Mortgages
  • Other Forms of Debt

Purpose:
The purpose of the program is to provide leadership, mentoring, guidance, advice and funding required to establish two successful community-owned businesses in strategic areas of the province.