Thank you.
We just did an expression of interest for our funding this year, and you're correct that we have long-term funding now in budget 2019 through IDEANorth. CanNor's funds available for projects are about $46 million and ongoing. We have a number of different funds. We have the IDEANorth flagship program. We have nutrition funding. We have targeted indigenous entrepreneur funding.
This year's expression of interest was formed around our pan-territorial growth strategy, which was a made-in-the-north solution that went after four particular areas that northerners identified as areas that need attention for building the economy. Those were infrastructure, resource development, innovation and diversification, and skills.
In this year's expression of interest we received 325 project concepts with a total funding request of $225 million. Forty-six per cent of those were submitted by indigenous organizations, and 52% of projects were submitted by for-profit entities. It is a huge success for CanNor to have that kind of request. We still have to go through the vetting process. Not all of those will end up being eligible, but I think that answers the question of the oversubscription of our particular regional development agency.