Sustainable Growth Investment — Growth Support Plus
QC, Canada
Money for agri-business projects in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|openingDateJune 17, 2022
- grant_single|closingDateJuly 09, 2024
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
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 $150,000 when you secure a loan guarantee of up to $600,000 from La Financière agricole for all projects related to beef cattle, sheep, or goat production.
grant_single_labels|projects
The Sustainable Growth Investment Program supports a range of projects aimed at enhancing productivity and sustainability within the agricultural sector.
- Construction, renovation, or improvement of a building
- Purchase of production equipment and non-self-propelled machinery
- Initial acquisition of perennial plants or breeding stock
- Agri-environmental enhancement of cultivated land
- Digging a well, water reservoir development, and water supply or irrigation system development
- Implementation of on-farm agri-environmental projects
grant_single|admissibleProjectsExample
$110,000
Quebec City
Installation of a water reservoir for goat farming
$70,000
Ottawa
Renovation of goat milking parlor for improved efficiency
$60,000
Toronto
Purchase of breeding stock to improve a beef cattle farm
$150,000
Montreal
Construction of a modern barn for sustainable sheep farming
$70,000
Calgary
Development of an irrigation system for a beef cattle farm
$70,000
Vancouver
Agri-environmental enhancement of cultivated land for a sheep farm
grant_single_labels|admissibility
The Sustainable Growth Investment Program supports productive and sustainable investments in the agricultural sector by providing financial assistance for eligible projects. The program offers grants conditional on a loan guarantee and outlines specific eligibility requirements for various components.
- The construction, renovation, or improvement of a building.
- The purchase of production equipment and non-self-propelled machinery.
- The initial acquisition of perennial plants or breeding stock.
- Carrying out work aimed at the agri-environmental enhancement of cultivated land.
- Conducting work such as digging a well or a water reservoir, as well as developing a water supply or irrigation system.
- The implementation of on-farm agri-environmental projects.
- Increased production volume, performance, or profitability of the business.
- Compliance with animal welfare and/or organic production standards or applicable new requirements for agri-food production.
- Improvement of land under cultivation.
- Adoption of agri-environmental practices.
- Additional criteria specific to the five components of the program: Growth Support, Growth Plus Support, Agri-Environmental Enhancement of Cultivated Land, Young Entrepreneurs, and Working Capital Loan.
grant_eligibility_criteria|who_can_apply
The Sustainable Growth Investment Program is available to all agricultural and agri-food businesses regardless of their production sector or the life cycle stage of their business. Specific components have additional eligibility criteria targeting certain types of agricultural and agri-food companies.
- Agricultural and agri-food businesses for general projects (Component 1D: Growth Support)
- Agricultural and agri-food businesses for beef cattle, sheep, or goat production (Component 2D: Growth Plus Support)
- Agricultural and agri-food businesses for agri-environmental projects (Component 3D: Agri-Environmental Enhancement of Cultivated Land)
- Agricultural and agri-food businesses wholly owned by young entrepreneurs aged 18-40 (Component 4D: Young Entrepreneurs)
- Agricultural and agri-food businesses experiencing financial difficulties or with short-term liquidity needs (Component 5D: Working capital loan)
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for the grant under certain conditions.
- Businesses in the recovery process with the FADQ or another lender.
- Forestry companies.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include a variety of investments aimed at improving agricultural and agri-environmental practices.
- 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, developing a water supply or irrigation system.
- Implementation of on-farm agri-environmental projects.
grant_eligibility_criteria|zone
The eligible geographic zone for this grant is Québec.
- Québec
grant_single_labels|criteria
The evaluation and selection criteria for the Sustainable Growth Investment Program include several requirements that projects must meet to ensure they align with the goals of productive and sustainable investments. Here are the specific criteria to consider:
- Increase the production volume, performance, or profitability of your business.
- Comply with animal welfare and/or organic production standards or any new requirements applicable to agri-food production.
- Improve land under cultivation.
- Adopt agri-environmental practices.
- Eligibility varies by component (1D to 5D) with specific financial assistance caps and loan guarantees.
grant_single_labels|register
- Step 1: Contact an advisor at your service centre before starting your project in order to validate your project's eligibility for the Sustainable Growth Investment Program and the potential savings that could result from it.
- Step 2: Fill out the Financing Application Form. Depending on the nature of the project, other documents may be required for the analysis of the financial application.
grant_single_labels|otherInfo
The Sustainable Growth Investment Program has been crafted to support the agricultural and agri-food sectors in Québec through various targeted components.
- Applicants must contact an advisor at their service centre before starting their project to validate eligibility.
- The program includes up to five different components with specific eligibility requirements.
- Specific forms are necessary to facilitate project analysis and may vary based on project nature.
grant_single_labels|contact
1-800-749-3646
Apply to this program
Sustainable Growth Investment Program Overview
The Sustainable Growth Investment Program offers financial assistance to agricultural and agri-food businesses in Quebec to support productive and sustainable investments. Eligible projects can receive up to $700,000 in financing, with assistance paid out over three years.
Detailed Guide on the Sustainable Growth Investment Program
La Financière agricole du Québec has established the Sustainable Growth Investment Program to provide significant support for agricultural and agri-food businesses seeking to invest in productive and sustainable projects. This program ensures the continuity of the Growth Investment Program and accommodates various business stages and production sectors. Businesses can benefit from financial aid conditional on a loan guarantee from La Financière agricole, with the potential for receiving up to $700,000 in eligible financing over a three-year period.
Eligibility Requirements
For a business to qualify for the Sustainable Growth Investment Program, their projects must focus on one or more of the following areas:
- Construction, renovation, or improvement of a building.
- Purchase of production equipment and non-self-propelled machinery.
- Initial acquisition of perennial plants or breeding stock.
- Agri-environmental enhancement of cultivated land.
- Development of water supply or irrigation systems, including digging a well or a water reservoir.
- Implementation of on-farm agri-environmental projects.
Project Criteria
To be eligible, projects must meet at least one of the following criteria:
- Increase production volume, performance, or profitability of the business.
- Comply with animal welfare and/or organic production standards or any new requirements applicable to agri-food production.
- Improve land under cultivation.
- Adopt agri-environmental practices.
Components of the Program
The Sustainable Growth Investment Program is divided into five components, each with specific eligibility requirements:
Component 1D: Growth Support
Available to all agricultural and agri-food businesses for projects related to productions other than those targeted in the 2D component. The maximum financial assistance is $15,000 on a loan guarantee of up to $150,000.
Component 2D: Growth Plus Support
Available to all agricultural and agri-food businesses for projects related to beef cattle, sheep, or goat production. The maximum financial assistance is $150,000 on a loan guarantee of up to $600,000.
Component 3D: Agri-Environmental Enhancement of Cultivated Land
Available to all agricultural and agri-food businesses for projects that will enhance the value of cultivated land or on-farm agri-environmental projects. The maximum financial assistance is $10,000 on a loan guarantee of up to $100,000.
Component 4D: Young Entrepreneurs
This component is tailored for agricultural and agri-food businesses wholly owned by individuals over 18 and under 40. Additionally, one of these individuals must have qualified the same business under the Financial Support Program for Aspiring Farmers within the previous five years. The maximum financial assistance is $45,000 on a loan guarantee of up to $300,000.
Component 5D: Working Capital Loan
Intended for agricultural and agri-food businesses, whether or not they are FADQ financing clients, experiencing financial difficulties or with short-term liquidity needs, particularly due to rising interest rates and input costs.
Ineligible Projects
Some projects are not eligible for the program, including:
- Loan consolidation and secured loan conversion.
- Share purchasing and/or permanent working capital financing.
- Quota purchasing.
- Purchase of land, a house, existing buildings, or any transaction that constitutes the purchase of a farm.
- Purchase of assets primarily for purposes other than agriculture.
- Funding for administrative improvements.
- Purchase of self-propelled machinery.
- Leasing contracts (lease-purchase).
- Investments for replacing an asset with the same asset, due to negligence, or related to regular maintenance.
- Purchase of assets belonging to a business with common ownership.
- Purchase of assets from a business merger, demerger, or division.
- Financing of current operating expenses and administrative costs.
- Sales taxes (GST and QST).
- Investments outside of Québec.
- Permanent short-term needs.
Component 5D: Working Capital Loan Details
This component provides support for businesses with financial challenges or short-term liquidity needs. Eligible businesses can receive:
- Up to $50,000 in loan guarantee for sales revenue < $750,000.
- Up to $100,000 in loan guarantee for sales revenue between $750,000 and $1,500,000.
- Up to $200,000 in loan guarantee for sales revenue > $1,500,000.
Additionally, financial assistance of up to 15% is provided over three years, based on the sales revenue.
Application Process
To apply for the Sustainable Growth Investment Program:
- Contact an advisor at your service centre to validate your project's eligibility and potential savings.
- Complete the Financing Application Form available on the La Financière agricole du Québec website.
- Submit required documents based on your project's nature for a thorough financial analysis.
This program, with its various components, offers comprehensive support tailored to the diverse needs of the Quebec agricultural and agri-food sector, ensuring business growth, sustainability, and compliance with industry standards.
