Sustainable Growth Investment — Agri-Environmental Enhancement of Cultivated Land
QC, Canada
Grants to maximize the value of cultivated land in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|openingDateNovember 17, 2020
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Gouvernement du Québec
- La Financière agricole (FADQ)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a grant of up to $10,000 when you secure a loan guarantee of up to $100,000 from La Financière agricole for on-farm agri-environmental projects, or ones that will enhance the value of your cultivated land.
grant_single_labels|projects
There are eligible projects and activities for the Sustainable Growth Investment grant:
- Investment projects in any production sector
- Projects at any life cycle stage of the business
- Support for productive and sustainable investments
grant_single|admissibleProjectsExample
$10,000
Implementation of solar-powered electric fences to protect crops from wildlife
$10,000
Subsidy for hydroponic greenhouse construction for sustainable vegetable farming
$10,000
Modernization of dairy farm operations with robotic milking systems
$10,000
Purchase of a weather monitoring system for improved farming efficiency
$10,000
Development of a drip irrigation system for berry farming
$10,000
Upgrading irrigation system for enhanced water use efficiency
grant_single_labels|admissibility
Eligibility for the Sustainable Growth Investment Program requires specific criteria related to business status and project goals.
- The applicant must be a farmer with an investment project in any production sector.
- The business can be at any life cycle stage.
- An investment grant must be coupled with a loan guarantee from La Financière agricole.
- The applicant's investment needs must not exceed $700,000 in eligible financing.
grant_eligibility_criteria|who_can_apply
The Sustainable Growth Investment Program is available to farmers across all stages of their business development, regardless of their production sector. It is tailored to support investment projects that are both productive and sustainable. The program offers a grant on the condition of securing a loan guarantee from La Financière agricole. This financial aid can reach up to $700,000 per business, with the support being distributed over a maximum period of three years.
grant_eligibility_criteria|eligible_expenses
The Sustainable Growth Investment Program provides financial assistance for productive and sustainable investments to farmers with investment projects, regardless of their production sector or business life cycle. Eligible expenses for this grant include:
- Costs associated with acquiring new machinery and equipment
- Investments in sustainable farming practices
- Infrastructure upgrades to improve operational efficiency
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Selection Criteria:
- - The applicant must be a farmer in Québec.
- - The investment project must be in the agricultural sector.
- - The project must demonstrate productivity and sustainability.
- - The applicant must provide a detailed business plan and budget for the investment.
grant_single_labels|register
- Step 1: Preliminary Registration
- Visit the La Financière agricole du Québec website to access the Sustainable Growth Investment Program page.
- Create an account on the portal if you are a new user.
- Log into your existing account if you already have one.
- Step 2: Review Program Details
- Read the program description and eligibility requirements carefully.
- Ensure that your investment project aligns with the program objectives.
- Step 3: Gather Documentation
- Prepare a detailed project proposal outlining the nature and purpose of the investment.
- Assemble necessary financial documents, including proof of existing investment or loan agreements.
- Compile any additional information that supports your application's alignment with the program goals.
- Step 4: Submit Application
- Complete the online application form available through your account on the portal.
- Upload all required documents as part of your application package.
- Review the application for completeness and accuracy before submission.
- Step 5: Receive Confirmation
- After submission, receive an email confirmation with details of your application.
- Note the application reference number for future correspondence.
grant_single_labels|otherInfo
Here is additional relevant detail for this grant:
- The financial assistance is an investment grant conditional on a loan guarantee from La Financière agricole.
- The maximum amount of eligible financing per business is $700,000.
- Assistance is paid out over a three-year period.
grant_single_labels|documents
grant_single_labels|contact
1-800-749-3646
Apply to this program
Supporting Sustainable Agricultural Investments
This grant facilitates the pursuit of sustainable and productive investments for farmers in various stages of their business life cycle. It offers a structured financial pathway, combining grants with loan guarantees, to enable significant investments in agricultural projects.
Understanding the Sustainable Growth Investment Program
The Sustainable Growth Investment Program, initiated on June 17, 2022, marks a continuation of the support previously provided by the Growth Investment Program, tailored to enhance investment capacity in the agricultural sector. At its core, the program recognizes the diverse investment needs across varying agricultural sectors, irrespective of the operational maturity of the farm business. This initiative is particularly pivotal as it fosters investment in projects that propel both productivity and sustainability, echoing the broader goals of environmental responsibility and economic advancement within agriculture.
The grant functions by providing financial assistance that complements a loan guarantee from La Financière agricole, thus enabling farmers to access up to $700,000 in eligible financing. This backing is made accessible through a structured payout over three years, offering businesses a periodic infusion of capital to smoothly implement their investment strategies without undue financial strain. With the grant, farmers are equipped to initiate transformative changes – from enhancing infrastructure and acquiring cutting-edge technology to adopting more sustainable farming practices that could lead to reduced carbon footprints and increased resource efficiency.
The conditional nature of this financial assistance, tied to a loan guarantee, serves as a safeguard for mutual accountability, ensuring that both the lender and the recipient are committed to the successful realization of the investment project's objectives. The program is keenly focused on amplifying the return on investment by encouraging projects that align with sustainable development goals, seeking to make significant impacts in resource conservation, operational efficiency, and overall agricultural productivity.
This grant is a testament to a commitment to supporting the agricultural community not just through immediate economic means but by contributing to long-term improvements and adaptation capabilities in the face of evolving environmental and market conditions. Farmers engaging with this program are likely to experience enhanced financial resilience and the ability to innovate - characteristics that are increasingly crucial in today's rapidly changing agricultural landscape.
Moreover, the emphasis on sustainable growth reflects a broader commitment to environmentally conscious practices, underscoring the necessity for agricultural practices that contribute positively to the ecosystem. By supporting projects with these priorities, the program also aligns with global trends towards sustainability, ensuring that Québec’s agricultural sector remains competitive and forward-thinking. The program effectively supplies agricultural entrepreneurs with the tools and confidence needed to undertake meaningful projects that have the potential to transform their operations and, by extension, the agricultural landscape in the region.
For aspiring farmers eager to innovate and adapt, the Sustainable Growth Investment Program presents a crucial opportunity to secure resources and infrastructure support. It highlights a strategic partnership between La Financière agricole and farmers, underpinning the dual goals of financial stability and sustainable advancement. As the agricultural sector grapples with pressing challenges such as climate change and shifting market dynamics, this program proves invaluable in paving the way for resilient and sustainable farming futures across Québec.
