Sustainable Growth Investment — Growth Support
QC, Canada
Money for supply-management production in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|closingDateMarch 31, 2025
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- La Financière agricole (FADQ)
- Gouvernement du Québec
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a grant of up to $15,000 when you secure a loan guarantee of up to $150,000 from La Financière agricole for agribusiness projects related to productions other than related to beef cattle, sheep, or goat production.
grant_single_labels|projects
This grant is restricted to companies operating within the province of Quebec, as determined by the funding body La Financière agricole du Québec. The geographical restriction ensures the financial support is targeted towards provincial agricultural and agri-food development.
- Province of Quebec, Canada.
grant_single|admissibleProjectsExample
$15,000
Quebec City
Establishing a farm producing artisanal cheese using local milk
$15,000
Toronto
Developing an urban beekeeping initiative
$15,000
Montreal
Implementing hydroponic lettuce farming with state-of-the-art technology
$15,000
Vancouver
Launching a sustainable oyster farming project
$15,000
Ottawa
Setting up a microbrewery specializing in organic beers
$15,000
Calgary
Establishment of a community organic chicken farm
grant_single_labels|admissibility
Eligibility for this program is based on a set of criteria ensuring alignment with its investment and agri-environmental objectives.
- The project must involve construction, renovation, or improvement of a building.
- The project involves the purchase of production equipment and non-self-propelled machinery.
- The project entails the initial acquisition of perennial plants or breeding stock.
- Projects must aim at agri-environmental enhancement of cultivated land.
- Activities such as digging a well or water reservoir, developing a water supply, or implementing an irrigation system are required.
- The project must involve the implementation of on-farm agri-environmental initiatives.
- The project should increase the production volume, performance, or profitability of the business.
- Compliance with animal welfare, organic production, or any new agri-food production standards is required.
- Improvements in cultivated land or adoption of agri-environmental practices should be part of the project.
grant_eligibility_criteria|who_can_apply
The Sustainable Growth Investment Program is open to all agricultural and agri-food businesses, provided they have investment projects aiming to enhance their production and sustainability. The program is adaptable to businesses regardless of their production sector or stage of development in the business lifecycle.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies based on their status, activities, or location. The restrictions ensure that the funds are allocated to businesses primarily engaged in agricultural practices and based in Québec.
- Businesses in the recovery process with FADQ or another lender.
- Forestry companies.
- Investments made outside of Québec.
grant_eligibility_criteria|eligible_expenses
The Sustainable Growth Investment Program supports agricultural and agri-food projects that focus on infrastructure enhancement, sustainable practices, and production efficiency. Eligible projects are diverse, covering a range of productive and environmental improvements.
- Construction, renovation, or improvement of buildings for agricultural purposes.
- Purchase of production equipment and non-self-propelled machinery.
- Initial acquisition of perennial plants or breeding stock.
- Agri-environmental enhancement of cultivated land activities.
- Installation of water supply or irrigation systems including digging wells or reservoirs.
- Implementation of on-farm agri-environmental projects.
grant_eligibility_criteria|zone
The grant covers expenses that are directly linked to the development and enhancement of agricultural projects.
- Construction, renovation, or improvement of buildings.
- Acquisition of production equipment and non-self-propelled machinery.
- Initial acquisition of perennial plants or breeding stock.
- Work for agri-environmental enhancement of cultivated land.
- Development of water supply or irrigation systems, including digging wells or constructing water reservoirs.
- Implementation of on-farm agri-environmental projects.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Contact an Advisor
- Contact an advisor at your local service centre to discuss your project.
- Validate the project's eligibility for the Sustainable Growth Investment Program.
- Assess potential savings and benefits of applying for the program.
- Step 2: Prepare Documentation
- Fill out the Financing Application Form specific to the Sustainable Growth Investment Program.
- Based on the nature of your project, gather additional required documents for financial analysis.
- Step 3: Submit Application
- Once the documentation is complete, submit it according to the advisor's guidance.
- Ensure all forms and additional documents are included.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The investment grant is conditional upon securing a loan guarantee from La Financière agricole.
- The assistance provided under this program is distributed over a three-year period.
- Eligible projects may vary depending on the component of the program applied for.
- All projects require prior validation of eligibility from an advisor before starting.
- Several components target specific types of production or business profiles, such as young entrepreneurs or projects enhancing cultivated land.
- The program excludes projects involving permanent working capital financing or consolidation of loans.
- The Working Capital Loan component assists businesses with financial difficulties due to rising interest rates or input costs.
- Participation in applicable insurance and income protection programs is required for sound risk management.
grant_single_labels|contact
1-800-749-3646
Apply to this program
Sustainable Growth Investment Program: Boosting Agricultural Ventures
The Sustainable Growth Investment Program is designed to propel the development of agricultural projects across various production sectors, ensuring enduring financial and environmental viability. Administered by La Financière agricole du Québec, this initiative provides farmers with the opportunity to access up to $700,000 in financing, supported by a loan guarantee, to foster productive investments over a three-year period.
Understanding the Sustainable Growth Investment Program and Its Benefits
La Financière agricole du Québec's Sustainable Growth Investment Program is a dynamic initiative aimed at empowering agricultural producers in Québec. By fostering investments that prioritize both productivity and sustainability, this program acknowledges the challenges and opportunities within the agricultural industry. Introduced in June 2022, it builds upon the foundational objectives of its predecessor, the Growth Investment Program.
One of the key facets of the program is its inclusivity, accommodating a wide range of agricultural domains. Whether it involves construction or renovation of agricultural buildings, purchase of production equipment, or adoption of agri-environmental practices, businesses at any stage of their life cycle can benefit. Furthermore, the program supports projects that enhance cultivated land or implement on-farm environmental initiatives, thereby aligning with contemporary sustainability goals.
The program’s financial model provides substantial backing to eligible projects. With a ceiling of $700,000 in financial support, it ensures that projects can proceed with the necessary capital which is dispensed over three years. Integral to this is the provision of a conditional loan guarantee, safeguarding the financial interests of the entrepreneurs involved. Such backing instills confidence among participants and supports a broad spectrum of agricultural innovations.
Eligibility criteria are thoughtfully curated to encourage diversity in project proposals while maintaining a firm focus on agricultural enhancement. This includes augmenting production capacity or efficiency, adhering to modern organic and welfare standards, and contributing positively to land stewardship. Thus, the program not only targets economic growth but also emphasizes ecological responsibility, recognizing the interconnectedness of these elements.
Furthermore, the program is structured into five distinct components, each tailored to address specific needs within the agricultural sector. Whether through general growth support, targeted aids for specific livestock sectors, or initiatives facilitating young entrepreneurs, the program ensures comprehensive coverage. Component-specific eligibility allows more focused financial assistance, catering to the nuanced demands of different segments within the agriculture industry.
Participants are encouraged to engage early with La Financière agricole du Québec advisors to verify eligibility and potentially optimize their investment strategies further. This proactive approach helps refine projects in alignment with program objectives and maximizes the potential savings and benefits derived.
Beyond the immediate fiscal advantages, the Sustainable Growth Investment Program offers strategic insights to farmers by fostering adherence to modern agricultural practices. It underscores the importance of adopting sustainable practices that not only mitigate environmental impacts but also enhance profitability and resilience.
The program concludes based on fund availability or by March 31, 2025, emphasizing prompt participation to fully leverage the available resources. By advancing with this initiative, Québec's agricultural sector stands to benefit substantially, aligning economic objectives with ecological commitments.
In summary, the Sustainable Growth Investment Program represents a strategic investment in the future of agriculture in Québec. It offers a holistic framework wherein financial aid and sustainable agricultural practices coalesce to support robust, innovative, and forward-thinking ventures. Thus, it is not merely a financial grant but a catalyst for transformative growth within the agricultural industry, benefitting both the economy and environment in tandem.
