Sustainable Growth Investment — Growth Support
Money for supply-management production in Quebec
At a glance
Eligible Funding
- Max. $15,000
Timeline
- Open Date : November 17, 2020
Financing Type
Grant and Funding
Eligible Industries
- All industries
Grant Providers
- Gouvernement du Québec
- La Financière agricole
Status
Open
Overview
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.
Contact information
1-800-749-3646
Apply to this program
### Summary of the Sustainable Growth Investment Program
The Sustainable Growth Investment Program offers farmers the opportunity to receive financial assistance for their investment projects, regardless of their production sector or business life cycle. The program aims to support productive and sustainable investments through a combination of investment grants and loan guarantees.
### Detailed Explanation of the Sustainable Growth Investment Program
The Sustainable Growth Investment Program, initiated on June 17, 2022, is designed to provide support to farmers who have investment projects to advance within their operations. This program, which builds upon the principles of the previous Growth Investment Program, is open to farmers across all production sectors, offering a pathway to secure funding for their sustainable and productive investments.
#### Eligibility Criteria
To be eligible for the Sustainable Growth Investment Program, farmers must have a concrete investment project that aligns with the objectives of the program. The financial assistance provided through this program consists of an investment grant, which is conditional on obtaining a loan guarantee from La Financière agricole. The maximum amount of eligible financing per business is $700,000, and the assistance is distributed over a three-year period.
#### Purpose of the Program
The primary goal of the Sustainable Growth Investment Program is to encourage farmers to make investments that contribute to the long-term sustainability and growth of their agricultural operations. By providing financial support in the form of grants and loan guarantees, the program aims to incentivize farmers to implement innovative and sustainable practices that enhance productivity and profitability.
#### Application Process
Farmers interested in participating in the Sustainable Growth Investment Program must submit a detailed proposal outlining their investment project and how it aligns with the goals of the program. The proposal will be evaluated based on criteria such as the potential impact of the investment, its sustainability, and the overall feasibility of the project. Once approved, farmers can proceed with securing the necessary financing and begin implementing their investment projects.
#### Benefits of the Program
Participating in the Sustainable Growth Investment Program offers farmers the opportunity to access financial assistance to support their investment initiatives. By combining investment grants with loan guarantees, the program provides a solid financial foundation for farmers to pursue sustainable and productive investments in their operations. Additionally, the program aims to foster innovation and growth within the agricultural sector, contributing to the overall economic development of the industry.
In conclusion, the Sustainable Growth Investment Program provides a valuable opportunity for farmers to secure funding for their investment projects and drive sustainable growth within their operations. By leveraging investment grants and loan guarantees, farmers can embark on new initiatives that enhance productivity, sustainability, and profitability in the agricultural sector.