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Funding is coming through the Indigenous Land Development Program that First Nations Bank is running in partnership with the Canada Infrastructure Bank.

The federal agency agreed last year to put up to $100 million to support the program, which provides below-market rate loans to help Indigenous communities realize their development goals.

First Nations Bank did not disclose financial terms of the Lil’wat Business Group deal, but says it is its largest yet under its Indigenous Land Development Program.

The bank said in February as it announced the first deals through the program that it had $140 million in projects initially approved, with Canada Infrastructure Bank covering $30 million of the funding.

This report by The Canadian Press was first published July 28, 2025.