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
- Gouvernement du Québec
- La Financière agricole (FADQ)
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 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.
grant_single|admissibleProjectsExample
$110,000
Installation of a water reservoir for goat farming
$70,000
Renovation of goat milking parlor for improved efficiency
$60,000
Purchase of breeding stock to improve a beef cattle farm
$150,000
Construction of a modern barn for sustainable sheep farming
$70,000
Development of an irrigation system for a beef cattle farm
$70,000
Agri-environmental enhancement of cultivated land for a sheep farm
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
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
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.
grant_eligibility_criteria|zone
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.
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
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.
grant_single_labels|contact
1-800-749-3646
Apply to this program
Empowering Farmers for Sustainable Growth
The Sustainable Growth Investment Program provides essential financial support to farmers looking to make productive and sustainable investments in their businesses. With a maximum eligible financing of $700,000 per business, the program facilitates development across all agricultural sectors.
A Closer Look at the Sustainable Growth Investment Program
The Sustainable Growth Investment Program, initiated on June 17, 2022, serves as a pivotal financial tool for farmers within the province of Quebec. Administered by La Financière agricole du Québec, this program is designed to foster a resilient agricultural economy by enabling farmers to engage in vital investment projects. Regardless of the production sector or developmental stage of their business, eligible farmers can benefit from the program if they secure a loan guarantee from La Financière agricole, thereby ensuring the dual objectives of productivity and sustainability are met.
This financial assistance program is especially significant in an era where sustainable agricultural practices are increasingly prioritized. It allows farmers to invest in infrastructure improvements, adopt innovative farming technologies, and ultimately enhance their operational capacities. Supported by an investment grant, farmers have the chance to scale up operations, thus contributing to the overall economic robustness of Quebec's agricultural sector.
The program's structure, offering a maximum of $700,000 in financing, aims to ensure that the financial burden on farmers is minimized, enabling them to focus resources on growth and innovation rather than financial constraints. Assistance is disbursed over a three-year period, providing farmers with the time and flexibility needed to strategically plan and implement their investment projects.
Beyond financial support, participating farmers have the opportunity to access expert advice and resources from La Financière agricole du Québec, enhancing their capacity to undertake successful projects. This comprehensive support framework ensures that investments are not only financially feasible but also strategically sound, leading to long-term benefits both for the individual farmers and the broader community.
Furthermore, this initiative addresses key strategic goals such as diversification, regional development, and the strengthening of local agricultural businesses. By facilitating access to necessary finance, the program stimulates innovation and encourages environmentally sound practices that are crucial in today's context of climate change and resource management. Farmers who engage with this program are better positioned to meet the challenges of modern agriculture while contributing positively to their local ecosystems.
In summary, the Sustainable Growth Investment Program is a significant measure that underscores Quebec's commitment to empowering its agricultural sector. By supporting investments aimed at sustainability and productivity, it not only enhances the competitiveness of farmers today but also invests in the long-term viability and health of the entire agricultural landscape. For farmers seeking to push the boundaries of traditional agricultural practices and embrace a future-oriented approach, this program offers both a strategic and financial leg up in an increasingly complex and demanding marketplace.
