Sustainable Growth Investment — Growth Support Plus
At a glance
- Max. $150,000
- Open Date : November 17, 2020
- All industries
- Gouvernement du Québec
- La Financière agricole
Overview
Eligibility criteria
The Sustainable Growth Investment Program provides financial assistance in the form of an investment grant conditional on a loan guarantee from La Financière agricole. The maximum eligible financing per business is $700,000, and the assistance is paid out over a three-year period.
- Applicants must be farmers with investment projects regardless of their production sector or business lifecycle.
- Applicants must comply with the program requirements and demonstrate a commitment to productive and sustainable investments.
- Applicants must secure a loan guarantee from La Financière agricole to qualify for the investment grant.
Who is eligible
Eligible types of companies for this grant include:
- Farmers with investment projects in any production sector
- Businesses at any stage of their life cycle
Eligible expenses
The Sustainable Growth Investment Program provides financial assistance for productive and sustainable investments for farmers. Eligible expenses may include:
- Purchase of new equipment
- Expansion or renovation of facilities
- Implementation of new technologies
- Improvement of production processes
Eligible projects & activities
The Sustainable Growth Investment Program supports farmers with investment projects to enhance productivity and sustainability in their businesses. Eligible projects include but are not limited to:
- Purchase of new equipment
- Expansion of production facilities
- Adoption of sustainable farming practices
- Implementation of innovative technologies
Evaluation & selection criteria
The Sustainable Growth Investment Program provides financial assistance to farmers for productive and sustainable investments. The program aims to support investment projects regardless of the production sector or business life cycle.
- Businesses must have a viable investment project.
- The investment project must be considered productive and sustainable.
- Applicants must secure a loan guarantee from La Financière agricole.
- The maximum eligible financing per business is $700,000.
- Assistance is paid out over a three-year period.
How to apply
- Step 1: Check eligibility criteria
- Content: Review the eligibility requirements for the Sustainable Growth Investment Program.
- Implications: Ensure your farm and investment project meet the program's criteria.
- Step 2: Prepare application documents
- Content: Gather all necessary documents such as business plans, financial statements, and project details.
- Implications: Have all required information ready to support your application.
- Step 3: Submit application
- Content: Complete the application form and submit it along with the required documents to La Financière agricole.
- Implications: Ensure timely and accurate submission to be considered for the grant.
Contact information
Sustainable Growth Investment Program Summary
Details of the Sustainable Growth Investment Program
The Sustainable Growth Investment Program, effective since June 17, 2022, continues the support provided by the Growth Investment Program. It is designed to assist farmers with investment projects, irrespective of their production sector or business life cycle, promoting sustainable and productive investments. The program offers an investment grant contingent on a loan guarantee from La Financière agricole, with a maximum eligible financing amount of $700,000 per business, disbursed over a three-year period.
This program aims to bolster agricultural businesses in Québec by providing financial assistance to support their growth and sustainability initiatives. By offering investment grants and loan guarantees, the program enables farmers to implement projects that enhance productivity, efficiency, and environmental sustainability on their operations. Eligible applicants can access up to $700,000 in financing over a three-year period, assisting them in realizing their investment plans.
Moreover, the Sustainable Growth Investment Program underscores the importance of fostering a resilient and innovative agricultural sector in Québec. By supporting farmers in their investment endeavors, the program contributes to the overall development and competitiveness of the agriculture industry, ensuring sustainable practices and economic growth in the region.
