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Grant and Funding Programs Offered by Canada Growth Fund (CGF)

The Canada Growth Fund is a public investment fund established by the Government of Canada to attract private capital into projects that support long-term economic growth. Its mandate is to accelerate the decarbonization of the Canadian economy, strengthen business competitiveness, and promote innovation, particularly in clean technology, energy, and strategic infrastructure sectors. View Canada Growth Fund (CGF)'s website for more information.

1 programs available
  • Canada Growth Fund (CGF) logo
    Loans and Capital investmentsOpen

    Canada Growth Fund (CGF)

    Canada Growth Fund (CGF)
    Independent investments that unlock private capital for emissions reduction
    Eligible Funding
    • Varies by project
    Eligible Industries
    • Mining, quarrying, and oil and gas extraction
    • Utilities
    • Manufacturing
    Types of eligible projects
    TechnologyEnvironment and Climate
    Canada

About Canada Growth Fund (CGF)

What is the mission of Canada Growth Fund (CGF)?

To build a financially prudent portfolio of investments that unlock private sector investment in Canadian businesses and projects, helping grow Canada's economy at speed and scale on the path to emissions reductions while remaining competitive globally over the longer term.

What type of organization is Canada Growth Fund (CGF)?

Canada Growth Fund (CGF) is a Crown corporation.

When was Canada Growth Fund (CGF) founded?

Canada Growth Fund (CGF) was founded in 2022.

What is Canada Growth Fund (CGF)'s official website?

Canada Growth Fund (CGF)'s official website is https://www.cgf-fcc.ca/en/.

What else should I know about Canada Growth Fund (CGF)?

Role of Canada Growth Fund in the Funding Ecosystem

CGF is a cornerstone of Canada's clean technology and climate investment ecosystem. As a $15 billion federal investment fund, it operates at arm's length from government to provide patient capital that unlocks private sector investment in Canadian businesses and projects. Unlike traditional grants, CGF deploys capital through equity, debt, hybrid instruments, and specialized contracts to address unique financing needs.

Investment Focus Areas

CGF organizes its investments around three strategic verticals:

  • Projects: Technologies and processes proven in pilots but not yet widely adopted, including carbon capture and sequestration (CCS), electrification, low-carbon electricity, hydrogen, and biofuels.
  • Clean Technology: Companies scaling less mature but proven technologies in demonstration or commercialization stages, including small and medium enterprises.
  • Low-Carbon Supply Chains: Projects and technologies across critical minerals and natural resources that strengthen Canadian competitiveness and supply chain security.

Financial Instruments and Structures

CGF offers flexible capital solutions including equity (common shares, preferred shares), debt, hybrid instruments, and specialized contracts such as offtake agreements and contracts for difference (CfDs) that address demand and policy risk.

Impact and Governance

CGF embeds Impact Measurement and Management (IM+M) directly into its investment process, ensuring all investments align with the fund's strategic objectives while preserving capital. The fund operates under rigorous governance with independent oversight and publishes comprehensive annual and interim reports.