Sustainable Growth Investment — Young Entrepreneurs
QC, Canada
Money for youth-owned agri-businesses 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
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Gouvernement du Québec
- La Financière agricole (FADQ)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Are you 18 to 39 years old and own an agri-business? Have you qualified for the Financial Support Program for Aspiring Farmers in the last 5 years? You could get a grant of up to $45,000 when you secure a loan guarantee of up to $300,000 from La Financièr
grant_single_labels|projects
The Sustainable Growth Investment Program is managed by La Financière agricole du Québec, suggesting its geographical focus may be specific to regions related to this organization. However, explicit eligible geographical areas for this grant are not mentioned.
grant_single|admissibleProjectsExample
$45,000
Expansion of organic vegetable production capacity to meet rising local demand
$45,000
Modernization of dairy farming equipment to enhance efficiency and productivity
$45,000
Investment in advanced irrigation systems to improve water efficiency in agricultural operations
$45,000
Investing in automated greenhouse technology to boost crop yields and efficiency
$45,000
Implementation of solar panels to enhance energy sustainability in farming operations
$45,000
Establishment of eco-friendly packaging solutions for organic produce
grant_single_labels|admissibility
The Sustainable Growth Investment Program is designed to support productive and sustainable investments within the agricultural sector. The eligibility criteria for this grant are as follows:
- The applicant must be engaged in the agricultural sector with a focus on farming activities.
- The business must have an investment project to promote sustainable growth, regardless of its production sector or business life cycle stage.
- The applicant must secure a loan guarantee from La Financière agricole.
- The requested financing per business should not exceed $700,000, which will be disbursed over a three-year period.
grant_eligibility_criteria|who_can_apply
This program is intended for farmers who have investment projects to propose, regardless of their production sector or which stage of the business life cycle they are in. It supports productive and sustainable investments, offering a combination of investment grants and loan guarantees.
grant_eligibility_criteria|who_cannot_apply
According to the grant context, there are no specific types of companies mentioned that are not eligible for the grant.
grant_eligibility_criteria|eligible_expenses
This grant supports farmers aiming for productive and sustainable investments across various agricultural sectors. It provides financial assistance to facilitate growth and enhance the sustainability of farming operations.
- Investments that improve the environmental sustainability of agricultural practices.
- Projects expanding the production capacity of farms.
- Initiatives directed at modernizing farming facilities and infrastructure.
- Developing new agricultural products or diversifying farm operations.
- Implementing advanced technologies to improve farm productivity.
grant_eligibility_criteria|zone
The program provides financial support for investments that contribute to productive and sustainable growth in the agricultural sector.
- Purchase or upgrade of machinery and equipment that enhances production efficiency.
- Construction or renovation of agricultural facilities.
- Implementation of new technologies for improved agricultural practices.
- Investments in infrastructure that supports sustainable farming methods.
- Projects that focus on reducing environmental impact or increasing resource efficiency.
grant_single_labels|criteria
The grant for Sustainable Growth Investment Program does have evaluation and selection criteria. The program aims to support productive and sustainable investments for farmers with investment projects. The criteria for evaluation and selection are as follows:
- Applicant must be a farmer with investment projects
- Investments must be productive and sustainable
- Maximum eligible financing per business is $700,000
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Create an Online Account
- Visit the La Financière agricole du Québec website.
- Navigate to the online services section.
- Register for an online account by providing necessary information.
- Step 2: Prepare Application Documents
- Draft a comprehensive business plan detailing your investment project.
- Include financial projections and sustainability plans.
- Gather necessary supporting documents such as financial statements, loan agreements, and other relevant data.
- Step 3: Complete the Application Form
- Access the application form through your online account.
- Fill in all required fields accurately with details about your project and financial requirements.
- Step 4: Obtain a Loan Guarantee
- Ensure you have a loan guarantee from La Financière agricole.
- Provide documentation of the loan guarantee within your application submission.
- Step 5: Submit Application
- Review your application for completeness and accuracy.
- Submit the application through the online portal before the deadline.
- Step 6: Confirmation
- Receive a confirmation email regarding the submission of your application.
- Record and retain your application reference number for future correspondence.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The financial assistance is conditional on securing a loan guarantee from La Financière agricole.
- The maximum amount of eligible financing per business is $700,000.
- Assistance is disbursed over a period of three years.
grant_single_labels|contact
1-800-749-3646
Apply to this program
Empowering Sustainable Agricultural Ventures
The Sustainable Growth Investment Program offers financial support to farmers seeking to implement sustainable and productive investments across various production sectors. This program is designed to provide an investment grant paired with a loan guarantee, with a maximum eligible financing of up to $700,000 for each business, distributed over a three-year period.
Understanding the Sustainable Growth Investment Program
The Sustainable Growth Investment Program, operational since June 17, 2022, is a strategic initiative aimed at bolstering sustainable agricultural practices in Québec through targeted financial intervention. By ensuring the continuation of the Growth Investment Program, this initiative caters to the diverse needs of farmers, irrespective of their production sector or business life cycle, encouraging investments that not only enhance productivity but also align with sustainability goals.
Central to this program is the provision of an investment grant that comes with a conditional loan guarantee from La Financière agricole du Québec. Such a financial structure is pivotal in minimizing financial risk for farmers while maximizing their capacity to implement innovative agricultural practices. The assurance of up to $700,000 in financing per business underscores the program’s commitment to significant economic input, supporting farmers in making impactful improvements on their farms.
The subscription to this grant spans a three-year cycle, permitting sufficient time for farmers to plan, enact, and realize comprehensive investment projects that promise long-term benefits. These investments might range from updating infrastructure, embracing modern agricultural technologies, to improving agri-environmental practices which inherently boost both productivity and environmental responsibility.
As the agricultural sector continues to face challenges such as climate change, market volatility, and the need for sustainable practices, the Sustainable Growth Investment Program stands as a critical financial tool. It empowers farmers to overcome such hurdles by fostering environments where innovation and sustainability can thrive concurrently. This program not only encourages farmers to adopt practices that are less harmful to the environment but also ensures the economic viability and expansion of their businesses.
Moreover, the program symbolizes a broader commitment towards nurturing a resilient agricultural sector in Québec. By supporting farmers in their quest for sustainability and growth, the program contributes directly to the overall economic health and environmental stewardship in the region. It underscores the importance of agricultural businesses not only as food producers but as crucial environmental stewards and key players in the regional economy.
Ultimately, the Sustainable Growth Investment Program is about more than just financial support; it represents a partnership between La Financière agricole du Québec and the farming community, aimed at fostering innovative solutions and sustainable development. This program is an example of proactive governance, steering the agricultural sector towards a future where economic success and environmental sustainability are mutually inclusive objectives.
By participating in such a forward-thinking initiative, farmers are positioned to make transformative changes, ensuring their businesses are not only successful today but are also resilient and sustainable in the future. This dual emphasis on economic strength and ecological responsibility illustrates a strategic vision that can serve as a model for agricultural policies both within and beyond Québec.
