Sustainable Growth Investment — Growth Support Plus

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?

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.

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.

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.