For those of you who participated in our consultation with Partners, thank you for the valuable information and recommendations you provided that have helped us make these streams more efficient and attractive.
These partner recommendations were combined with an internal evaluation of the ENT streams, conducted by the Planning and Excellence Unit, Strategy and Planning Division of the Department of Labour Skills and Immigration (LSI) between November 2021 and March 2022.
Some of the key advantages of the changes are:
- Support for growth in rural areas: A lower threshold to qualify for businesses outside HRM.
- Within HRM: 600K net worth, 150K investment
- Outside HRM: 400K net worth, 100K investment
- Support for growth in key sectors: Greater flexibility that allows IPG to issue Invitations to Apply (ITA) to strategically chosen candidates;
- Support for business succession initiatives: IPG will proactively work with partners to help find potential buyers for existing businesses;
- Smoother processes: A new, online application;
- Wider pool of eligible candidates: Real estate development and construction businesses may now qualify under certain conditions, including the applicant’s ability to demonstrate that their business will provide a compelling benefit to the province.
Please refer to our website links for new documents (forms, application guides)