Sustainable Growth Investment — Growth Support Plus
Overview
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.
At a glance
Funding available
- Reduce the ecological footprint
- Maximum amount : 150,000 $
- Open Date : November 17, 2020
- Closing date : March 31, 2025
Eligible candidates
- All industries
- Quebec
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Startups
Activities funded
The Sustainable Growth Investment Program is administered by La Financière agricole du Québec, suggesting its geographical focus is within the province of Québec. Although not explicitly stated, the implication is that eligible entities are likely located within Québec.
- Businesses operating within the province of Québec.
Eligibility
Eligibility for the Sustainable Growth Investment Program requires adherence to specific criteria related to the nature of the applicant and the scope of their investment project.
- The applicant must be involved in agricultural production, regardless of the production sector or stage in the business life cycle.
- The investment project must aim to support productive and sustainable agricultural investments.
- Eligibility for financial assistance is contingent upon a loan guarantee from La Financière agricole.
Who is eligible?
The Sustainable Growth Investment Program is designed for farmers who have investment projects to advance, regardless of their production sector or business stage. The program aims to support productive and sustainable investments by offering an investment grant contingent upon a loan guarantee from La Financière agricole. Eligible businesses can receive up to $700,000 in financing, with assistance distributed over three years.Who is not eligible
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.
Eligible expenses
The Sustainable Growth Investment Program supports farmers in undertaking productive and sustainable investments across different phases of their business life cycle. Although specific projects are not listed, the focus is on investments that ensure long-term sustainable growth in the agricultural sector.
Eligible geographic areas
The grant covers expenses that support productive and sustainable investments in farming projects.
- Costs of purchasing and installing agricultural machinery and equipment.
- Expenses related to construction or renovation of farm buildings.
- Costs for implementing environmentally sustainable farming practices.
- Acquisition of technology aimed at enhancing productivity and sustainability.
Selection 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.
How to apply
Eligibility Verification
Preparation of the file
Request for Loan Guarantee
Submission of the request
- Complete the financial assistance application form available on the La Financière agricole website.
- Submit the duly completed form along with the required documents electronically or by mail according to the instructions provided by the organization.
Follow-up of the request
- Receive a confirmation of receipt of your file by email.
- Wait for the evaluation of your application by La Financière Agricole and respond to any additional information requests.
Final decision
- Receive the final decision regarding the approval or rejection of your application.
- If approved, sign the funding agreement and comply with all conditions associated with the program.
Additional information
Here are additional relevant details for this grant:
- The grant requires a loan guarantee from La Financière agricole to be eligible for financial assistance.
- Financial assistance under this program can go up to a maximum of $700,000 per business.
- Funding is distributed over a three-year period once granted.
