Sustainable Growth Investment — Growth Support

Who is eligible?

• Agricultural businesses
• Agri-food businesses

Who is not eligible

• Companies seeking financing for loan consolidation or secured loan conversion.
• Businesses intending to use funds for share purchasing or permanent working capital financing.
• Companies aiming to purchase quotas.
• Businesses seeking to acquire land, residential houses, existing buildings, or to conduct transactions considered by La Financière agricole du Québec as the acquisition of all or part of a farm.
• Enterprises planning to purchase assets primarily used for non-agricultural purposes, as determined by La Financière agricole du Québec.
• Companies requesting funding for administrative improvements.
• Businesses wishing to purchase self-propelled machinery.
• Organizations looking to finance leasing contracts (lease-purchase).
• Applicants intending to invest for direct asset replacement of the same asset, due to negligence, or for regular annual maintenance of buildings, machinery, or equipment.
• Enterprises proposing to purchase assets belonging, in whole or in part, to a business with shared ownership, shareholders, partners, or members, directly or indirectly, with the buyer.
• Businesses involved in purchasing assets stemming from mergers, demergers, or company divisions into different entities.
• Entities seeking financing for current operating expenses, including administrative fees from La Financière agricole du Québec (FADQ).
• Applicants aiming to finance sales taxes (GST and QST).
• Companies investing outside of Québec.
• Entities seeking permanent short-term financing.
• Forestry companies (for the Working Capital Loan (5D) component).
• Businesses undergoing recovery processes with La Financière agricole du Québec or another lender (for the Working Capital Loan (5D) component).

Eligible expenses

• Construction, renovation, or improvement of a building.
• Purchase of production equipment and non-self-propelled machinery.
• Initial acquisition of perennial plants or breeding stock.
• Work aimed at the agri-environmental enhancement of cultivated land.
• Digging a well or a water reservoir, and developing a water supply or irrigation system.
• Implementation of on-farm agri-environmental projects.

Eligible geographic areas

This grant is specifically for projects within Québec, as administered by La Financière agricole du Québec. Eligible geographical areas are within provincial boundaries to support localized agricultural investments.

• Businesses located within Québec, Canada.

• The Sustainable Growth Investment Program has been in effect since June 17, 2022, ensuring the continuity of the previous Growth Investment Program.
• Financial assistance is paid out over a three-year period.
• The program is divided into five distinct components, each with specific maximum amounts and eligibility requirements.
• The working capital loan component (5D) is available until March 31, 2025, or until allocated funds are exhausted, whichever comes first.
• Businesses are encouraged to contact an advisor at their service centre before starting their project to validate eligibility and estimate potential financial benefits.
• Depending on the nature of the project, additional documents may be requested during the analysis of the financial application.
• Program forms and summaries are available in PDF format for reference.