FAQs
Frequently Asked Questions – Industry
No. Only the elected bodies representing First Nation or Métis groups are eligible to apply. A project proponent cannot apply on behalf of its Indigenous partners.
The AIOC can look at existing and new projects. Greenfield projects have additional considerations for managing cost overruns and construction risk.
AIOC can provide early guidance to companies that are interested in partnering with Indigenous investors. However, the project should be at the FID stage (final investment decision) for our formal due diligence process to begin.
The business structure for the investment often involves limited partnerships (LPs). Often, there is an Operating LP, a Borrower LP, and an Upper LP. (See page 23 of our Roles and Responsibilities document).
The program is intended to support Indigenous investment in medium to large-scale projects. It provides loan guarantees between $20 million and $250 million (with the ability to exceed the upper limit pending a ministerial exemption). We do not provide funding for anything below this amount.
AIOC has a thorough due diligence process that evaluates risk, reward, cash flow and operational certainty. This process is typically conducted in parallel with the Indigenous Nation and/or group’s due diligence process.
To initiate the evaluation process, a fulsome project overview and financial modelling are required. More in-depth detail will be necessary in the later stages of the evaluation to support AIOC’s due diligence requirements.