South east regional economic development authority

WEYBURN SASKATCHEWAN

The SEREDA Legacy Fund

The South East REDA is pleased to announce the development of a new Legacy Fund that will be available to all former members of the South East REDA. The reason for establishing this fund was to return a source of funding for projects to former SEREDA members. SEREDA has allocated $35,000.00 to this fund with a preference for such things as business development, feasibility studies, project promotion, strategic planning, and training. Applications will be reviewed and decided on by a board committee on a first come first serve basis. Once the total fund has been allocated, no further applications will be accepted. The Legacy Fund Committee reserves the right to adjust amounts at fiscal year end.

The Legacy Fund is open to all municipalities or organizations that were paid SEREDA Members in 2008/2009, and the organizations that are located within them. We will not accept applications from private business. All projects should be community based.

Eligible Projects

Business Development

Feasibility Studies

Project and Community Promotion

Strategic Planning and Training

Eligibility and Funding

Business Development – Applicants are eligible to receive up to 2/3^rd funding for business development projects to a maximum of $1500 or amount of funds available (i.e. applicants must contribute 1/3^rd of the cost to receive funding). Eligible expenses include activities deemed necessary by the South East REDA in the development of a business. Examples of this category would be attracting a new industry, promoting/uniting local business community, assisting in the development of a new business which does not compete with existing business and creates new employment.

Feasibility Study Work – Applicants are eligible to receive up to 2/3^rd funding for feasibility study work to a maximum of $1000 or amount of funds available (i.e. applicants must contribute 1/3^rd of the cost to receive funding). Eligible expenses include activities deemed necessary by the South East REDA in the development of a feasibility study. Examples of this category would be establishing the need for such things as card-lock fuel stations, livestock and agricultural projects.

Project Promotion and Community Promotion – Applicants are eligible to receive up to $750 to promote the community or a community based project. (No matching contribution required). Examples of this category would be hall rental, media advertising, brochures, newsletters, web design.

Strategic Planning and Training – Applicants are eligible to receive up to $750 to hold community or regional strategic planning sessions or to attend a training workshop. (No Matching contribution required). Examples of this category would be facilitator costs, hall rentals, workshop registration, resource material, accommodations.

Application Process

Applicants must submit a written proposal for funding to the South East REDA. The proposal should contain information relevant to the project including such things as costs, scope of work, timelines, etc. Approved applicants will be notified in writing by SEREDA and then must submit copies of work performed, paid invoices, cancelled cheques, or receipts to the South East REDA for reimbursement following completion of the plan.

Who is Eligible?

All municipal applicants must be a 2008/09 paid member of the South East REDA in order to be eligible for funding. Projects that are community based and not directly affiliated with a municipality must be located or have their headquarters located within a municipality who was a paid member in the 2008/09 fiscal year. They must also have a letter of support from their local municipal government. All projects must be community based; private businesses are not eligible for funding.

Project Approval

All eligible projects must be approved by the South East REDA - Legacy Fund Committee. Projects will be approved on a first come, first serve basis, at the discretion of the SEREDA - Legacy Fund Committee. Once the available project funds are all allocated the program will end. Projects or activities completed prior to application approval are not eligible for funding. Eligible projects must be approved prior to completion. This Fund cannot be used to access or “piggy back” other Federal and Provincial Grants. Once again, the South East REDA Legacy Fund Committee will make the final decision on all applications. Projects will be reviewed in a timely manner on an individual basis. The committee reserves the right to limit each member to one application per fiscal year.

APPLICATION PROCEDURES

Applications must include the following:

Description of the project and its objectives;

List of project leads and contact information;

Proposed activities by item, phase, and cost;

Administration activities, costs, and provider;

A detailed statement as to the sources of all funds being allocated to the project;

Consultants to be used (if known), and projected costs;

Outline of the key deliverables;

Start, completion, and benchmarking dates;

The expected economic impact of the project.

Applications will be reviewed in a timely manner by the Legacy Fund Committee. Please be sure that the contact information is accurate and that those people are available for any questions that may arise. Approval will be in writing and confirmed as soon as possible.

Please ensure that all documentation related to this project is available and accurate in order to reduce the time it will take to receive reimbursements.

If you have any further questions regarding the Legacy Fund, please contact the SEREDA office.

Applications should be forwarded the South East Regional Economic Development Authority directly.

SOUTH EAST REGIONAL ECONOMIC

DEVELOPMENT AUTHORITY

LEGACY FUND APPLICATION