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Canada Growth Fund (CGF)
Independent investments that unlock private capital for emissions reduction
Last Update: March 3, 2026
Funding available
Varies by project
Timeline
- Open continuously
Location
Canada
Overview
Canada Growth Fund (CGF) is a $15 billion independent investment fund designed to catalyze substantial private sector investment in Canadian businesses and projects to grow Canada’s economy while reducing emissions. Eligible activities include investments (equity, debt, and hybrid instruments) and Contracts such as offtake contracts and contracts for difference that address demand, market price, and policy risk across Projects, Clean Technology, and Low-Carbon Supply Chains.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Improve governance or administrative structure
- Develop strategic partnerships
Eligible Funding
- Varies by project
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Mining, quarrying, and oil and gas extraction
- Utilities
- Manufacturing
Location
- Canada
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Emissions-reduction projects in Canada using innovative technologies and processes proven in pilots but not yet widely adopted (e.g., carbon capture and sequestration, electrification, low-carbon electricity, hydrogen, biofuels).
- Scaling Canadian clean technology companies (including SMEs) that are commercializing or demonstrating proven technologies.
- Projects, companies, and technologies that strengthen low-carbon supply chains in Canada, including critical minerals value chains.
- Canadian projects seeking carbon price or demand risk solutions through contracts such as offtake agreements or contracts for difference (market price or policy price).
Eligibility
Who is eligible?
- Canadian clean technology companies (including small and medium enterprises) scaling proven technologies at the demonstration or commercialization stage
- Canadian projects deploying emissions-reduction technologies and processes proven in pilots but not yet widely adopted (e.g., carbon capture and sequestration, electrification, low-carbon electricity, hydrogen, biofuels)
- Canadian projects, companies, and technologies across low-carbon supply chains (including critical minerals and other low-carbon natural resource development)
Who is not eligible
- Organizations seeking research & development (R&D), demonstration, or pilot-stage project funding.
- Early-stage start-ups looking for venture capital–style investments.
- Mature companies or projects using mature technologies that can typically attract sufficient private sector investment on market terms.
- Government-owned projects.
- Applicants expecting a grant or contribution program (CGF is an investment fund using instruments such as equity, debt, hybrids, and contracts).
Eligible expenses
- Capital expenditures (CAPEX) required for the construction or expansion of a project or facility (financed through equity, debt or hybrid instruments).
- Working capital required during the start-up (ramp-up) period of a project.
- Transaction costs and third-party advisory fees related to the structuring and execution of an investment.
- External management fees related to commitments in funds managed by external managers.
Eligible geographic areas
- Canada (projects and businesses in Canada).
Processing and Agreement
- CGFIM reviews inbound proposals submitted via its public inbox as part of its public sourcing process.
- CGFIM conducts an initial screening (“pre-clearance”) to confirm alignment with the CGF mandate and investment criteria.
- If the opportunity proceeds, CGFIM prepares an initial investment recommendation outlining key merits and risks.
- CGFIM performs full due diligence and completes a formal assessment before finalizing the proposed investment structure.
- CGFIM submits the final recommendation for approval to its Impact, Risk & Investment Committee (IRIC); after approval, the transaction is funded/closed and monitored.
Additional information
- Canada Growth Fund (CGF) is an independent, arm’s length impact investment fund operating at arm’s length from the Government of Canada and managed by Canada Growth Fund Investment Management (CGFIM), a subsidiary of PSP Investments.
- CGF is designed to attract private capital and typically seeks to invest alongside private sector investors, although other private investors may not always participate at the same time as CGF.
- CGF uses multiple investment instruments (including equity, debt, hybrid instruments, and contracts such as offtakes and contracts for difference) to help mitigate demand, market price, and policy risk and improve project viability.
- CGF notes it aims to review inbound opportunities in a timely manner, but it cannot guarantee that all proposals will receive a response.
Contacts
Frequently Asked Questions about the Canada Growth Fund (CGF) Program
Here are answers to the most common questions about the Canada Growth Fund (CGF). This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Canada Growth Fund (CGF)?
Canada Growth Fund (CGF) is a $15 billion independent investment fund designed to catalyze substantial private sector investment in Canadian businesses and projects to grow Canada’s economy while reducing emissions. Eligible activities include investments (equity, debt, and hybrid instruments) and Contracts such as offtake contracts and contracts for difference that address demand, market price, and policy risk across Projects, Clean Technology, and Low-Carbon Supply Chains.
Who is eligible for the Canada Growth Fund (CGF) program?
To be eligible for the Canada Growth Fund (CGF) program, you must:
Canadian businesses and projects (activities in Canada / Canadian economic benefits).
Projects or companies aligned with CGF’s mandate (emissions reductions and economic competitiveness).
Must attract additional private sector investment and have a reasonable expectation of return of capital.
What expenses are eligible under Canada Growth Fund (CGF)?
Emissions-reduction projects in Canada using innovative technologies and processes proven in pilots but not yet widely adopted (e.g., carbon capture and sequestration, electrification, low-carbon electricity, hydrogen, biofuels).
Scaling Canadian clean technology companies (including SMEs) that are commercializing or demonstrating proven technologies.
Projects, companies, and technologies that strengthen low-carbon supply chains in Canada, including critical minerals value chains.
Canadian projects seeking carbon price or demand risk solutions through contracts such as offtake agreements or contracts for difference (market price or policy price).
Who can I contact for more information about the Canada Growth Fund (CGF)?
You can contact Canada Growth Fund (CGF) by email at infoCGF@cgf-fcc.ca.
Where is the Canada Growth Fund (CGF) available?
The Canada Growth Fund (CGF) program is available across Canada.
Is the Canada Growth Fund (CGF) a grant, loan, or tax credit?
Canada Growth Fund (CGF) is a Loans and Capital investments
Who are the financial supporters of the Canada Growth Fund (CGF)?
Canada Growth Fund (CGF) is funded by Canada Growth Fund (CGF)