Sustainable Growth Investment — Growth Support

• Financing Application Form (PDF)

Who is eligible?

• Agricultural and agri-food businesses
• Businesses wholly owned by persons over the age of 18 and under the age of 40
• Agricultural and agri-food businesses, whether or not they are FADQ financing clients, for the Working Capital Loan component

Who is not eligible

• Forestry companies for the Working Capital Loan component
• Businesses in a recovery process with FADQ or another lender for the Working Capital Loan component

Eligible expenses

• Construction, renovation, or improvement of buildings.
• Production equipment and non-self-propelled machinery.
• Initial acquisition of perennial plants or breeding stock.
• Water supply, irrigation, and agri-environmental works.

Ineligible Costs and Activities

• Loan consolidation and secured loan conversion; share purchasing and/or permanent working capital financing; quota purchasing.
• The purchase of land, a house, existing buildings, or any transaction that, according to FADQ, constitutes the purchase of a farm in whole or in part.
• The purchase of assets used primarily, according to FADQ, for purposes other than agriculture; funding for administrative improvements; the purchase of self-propelled machinery; leasing contracts (lease-purchase).
• Investments for the replacement of an asset by the same asset or resulting from negligence or related to the regular annual maintenance of buildings, machinery, or equipment.
• The purchase of assets, in whole or in part, belonging to an enterprise having in common, directly or indirectly with the purchaser, an owner, a shareholder, a partner, or a member; the purchase of assets resulting from a business merger, demerger, or division of a company into different entities; financing of current operating expenses, including administrative expenses such as FADQ fees; sales taxes (GST and QST); investments made outside of Quebec; permanent short-term needs.

Eligible geographic areas

• Québec

• In La Financière agricole's opinion, the project must meet the conditions necessary for its durable success.
• Expected impact on the business's profitability.
• Market.
• Experience and competence of the people involved, depending on the project submitted.
• Technical feasibility of the project and compliance with laws, regulations, directives, and other applicable standards.

• Contact an advisor at your service centre before starting your project to validate your project's eligibility for the Sustainable Growth Investment Program and the potential savings that could result from it.
• Fill out the Financing Application Form (PDF).
• Depending on the nature of the project, provide other documents that may be required for the analysis of the financial application.

• The project and participation application must be submitted in writing and accompanied by the required information and documents.
• The business must agree to project follow-up and to provide any information the society deems necessary during the assistance period.
• The assistance is conditional on the granting of a loan for the project.

• The program has been in effect since June 17, 2022.
• Financial assistance is paid twice a year over a three-year period.
• The program includes five components with specific conditions and maximum amounts.
• Applicants should contact a service centre advisor before starting the project.