Access programs for businesses

Programs for businesses are available.

Forestry Innovation Rebate Program

Forestry companies can now apply for a new rebate program on capital projects that will help them grow, diversify and increase their competitiveness in local and global markets. The program offers a rebate of 25 per cent of eligible capital projects worth between $1 million and $15 million. Companies could be eligible for a maximum rebate of $3.75 million.

Eligible projects could include:

  • improved production processes or by-product stream processing
  • establishing new forestry sector production facilities that strengthen regional economies
  • diversification of product range and value-added products
  • production capacity to enter new markets and/or for new products
  • identifying new uses and new markets for wood fibre and projects that enhance exports

Government will fund the rebate program with $5 million in both 2020-21 and 2021-22.
For more information and to apply, visit the NSBI program page.

Forestry contractor financing

Short-term financial support for forestry contractors is now available. Qualifying forestry contractors can access a line of credit worth up to three months of scheduled principal and interest payments on qualified commercial forestry equipment to a maximum of $180,000. This repayable financing, guaranteed by the province, is meant to help with payments on equipment loans on a short-term basis. The program will be available through 16 participating credit unions until June 30, 2020.

Within two years, the line of credit will convert to a loan with the term ending five years from the start of the line of credit. There is an option to renew for an additional five years, at the discretion of the lending credit union. The maximum interest on any loan under this program is the Atlantic Central prime rate plus four per cent.

Eligibility

Eligible contractors include those who have been engaged in commercial forestry harvesting and trucking in Nova Scotia during the past 12 months and have external financing arrangements in place for at least one of the following classes of commercial forestry harvesting and trucking equipment: feller buncher, harvester, processor, forwarder, skidder, roundwood truck, or chip or hog fuel truck.

How to apply

You need to visit one of the participating credit unions to complete an application. For more information and to see the list of the participating credit unions.

Silviculture and Roadwork for Forestry Sector

More silviculture and road work will help keep people working with a commitment to spend $7 million more this year on Crown lands and private lands.

Forestry contractors and woodlot owners can now apply for additional silviculture and roadwork. The Forestry Transition Team, forestry groups and private landowners provided input into how the funding will be used:

$3.5 million towards silviculture activities on private land

  • Delivered through an agreement with the Association for Sustainable Forestry
  • Program will be open to private landowners who hold under 20,000 hectares of woodland
  • Details on how to apply at: http://www.asforestry.com/

$1 million towards roads on private land

  • Delivered through an agreement with Forest Nova Scotia
  • Small private landowners are eligible to claim up to $5,000
  • Large private landowners are eligible to claim up to $10,000
  • Details on how to apply: http://forestns.ca/

$1 million towards merchantable silviculture activities on Crown land

  • Treatments will align with, and help prepare for, ecological forestry model
  • Work will be managed by existing Crown land licensees

$1.5 million towards maintenance and upgrades for Crown land roads

  • Focus on bridges, road upgrades and maintenance projects
  • Work will be managed by existing Crown land licensees

Small scale wood heat

The Department of Lands and Forestry has issued a tender to pre-qualified vendors for the design, construction and operation of new, efficient wood chip heating systems that use wood chips from private woodlots for six public buildings. The tender closes March 5 and the wood heat systems should be operating by the end of November, in time for the next heating season. For more information, visit the ecological forestry website.

Business Navigators

Nova Scotia’s Business Navigators give businesses personalized and timely help with navigating provincial regulations and requirements. They can help with needs such as registering a business, determining what permits and licenses are required to operate a business, understanding inspection requirements, and finding resources to assist with financing, taxes, staffing and other needs.

For more information or to contact the Business Navigators:
Phone: 1-844-628-7347
Monday to Friday, 8 a.m. to 5 p.m.
Email: BusNavigation@novascotia.ca
Website: Business Navigators

Support for Businesses During COVID-19

Help is available for businesses facing economic hardship because of COVID-19. Forestry businesses wishing to access any COVID-19 support programs should inform provincial officials so that we may work together to navigate through this challenging time. The province is committed to free and fair trade, and while global pandemics do not alleviate countries of their international trade obligations, the province is committed to seeing that our economy can weather the storm.