December 2nd, 2019
FORT ST. JOHN – Northern Development Initiative Trust today announced that seven Peace Region agricultural projects will receive $209,086 in funding through the BC Hydro Peace Agricultural Compensation Fund.
The $20-million fund was established in 2018 to support agricultural priorities, such as production and related economic activity, in the Peace Region. The fund reflects BC Hydro’s recognition of the role agriculture plays in the Peace River region and the potential effects of the Site C project on agriculture. The fund is governed by a regional decision-making board and administered by Northern Development Initiative Trust.
The recipients and projects announced today are the first to be awarded grants from the Peace Agricultural Compensation Fund. Up to $250,000 was available for distribution in 2019.
The application intake for 2020 is now open. The amount available for 2020 is another $250,000, plus the $40,914 that was not awarded this year.
The following recipients and projects received 2019 Agricultural Compensation Fund grants:
More information on the fund and application details can found be at sitecproject.com/AgFund and northerndevelopment.bc.ca/funding-programs/partner-programs/bchydro-agricultural-fund/
Nancy Pepper, Community and Social Mitigation Manager, BC Hydro
“BC Hydro appreciates the board and Northern Development Initiative Trust’s hard work in setting up the fund for success. With the board’s diverse agricultural knowledge guiding the fund, the projects selected in this first intake will benefit the resilience of Peace Region agricultural producers.”
Rick Kantz, Chair, BC Hydro Peace Agricultural Compensation Fund Board
“The board is happy with the quality of applications that were submitted. These seven projects are all diverse and will all benefit the economy in the Peace Region in their own unique ways.”
Joel McKay, CEO, Northern Development Initiative Trust
“Northern Development Initiative Trust is pleased with the initial intake and with the high caliber of projects that have been approved. We look forward to seeing these projects come to fruition while we work with BC Hydro and the board to grow the agriculture sector in the Peace Region.”
Director, Communications and Marketing
Northern Development Initiative Trust