BOF’s mandate includes support for infrastructure projects that advance community and economic wellbeing for Indigenous partners. BOF provides one-window access to Indigenous financing, including the IOFP.
BOF is engaging with Indigenous communities to support the evolution of the IOFP to enhance its benefits for Indigenous communities, including a review of financing criteria and the types of guarantees provided Feedback from these engagements is directly shaping program design and delivery.
The IOFP (formerly ALGP) has supported more than a dozen transformative projects . One example is the Wataynikaneyap Transmission Project, which brought reliable electricity to 17 remote First Nations communities. In July 2025, the Chatham-Lakeshore Transmission Line – owned and operated by Hydro One – announced Caldwell First Nation’s participation in an IOFP financial guarantee of up to $45 million through its business development arm, Northwind Business Development LP. The transaction was part of a 50-50 First Nation Equity Partnership with Hydro One and other impacted Anishinaabe First Nations whose traditional territories are located along the route of the transmission line.
Based on engagements with Indigenous partners, starting in the fall of 2025, the IOFP is being enhanced to include additional financing tools, and with the goal of offering one-window access for Indigenous partners seeking infrastructure financing support.
Eligibility for a IOFP financial guarantee requires that applicants be Indigenous-owned entities investing equity in infrastructure projects. Key criteria include:
Under BOF, the program has maintained the IOFP evaluation criteria while expanding sector eligibility and offering more financing tools. All eligibility and evaluation criteria are available here.
Success will be measured through metrics such as:
BOF will also track progress through regular reporting and engagement with Indigenous partners to gauge the progress of the program.
By enabling Indigenous equity participation in infrastructure, the IOFP supports self-determination, economic development, and long-term prosperity for Indigenous communities.
Expanded participation of Indigenous partners is expected to unlock new revenue streams, job creation, and community infrastructure.
Yes. BOF will publish regular updates, including investment summaries, impact metrics, and case studies. These will be available on BOF’s website andshared with Indigenous partners to ensure transparency and accountability.
