Food Processing Growth Fund
$1,000,000
Grant
Description:
The Food Processing Growth Fund is a three-year, up to $20M, program funded by the Government of BC through the Ministry of Agriculture and Food (AF) and delivered by IAF.
The objective of the fund is to assist funding recipients in improving their facilities, operations, capacity, and systems to increase productivity and support utilization of BC agricultural inputs.
Comments on Funding:
Funding Amounts
The Food Processing Growth Fund’s contribution for approved projects:
Minimum1 of $100,000.00
Maximum of $1,000,000.00
With a maximum of $100,000 for the training component.
For approved projects with only Training-related activities, the Food Processing Growth Fund’s
contribution:
Minimum of $50,000.00
Maximum of $100,000.00
Applications are closed. Stay tuned for future intake announcements.
Eligibility:
Applicants must be:
1. located in the Province of British Columbia,
2. Established food and/or seafood processing business, with:
a. Minimum of 2 years in operation
b. Minimum of $500K gross annual revenues (audited financial statements will be required for verification purposes)
3. Commercial food hub, commissary kitchen and other shared-use commercial food processing facility;
4. Industry group or association
NOTE: Subsidiaries can apply for funding separately from their parent organization provided they are legal entities and meet the 2 year and $500k criteria as a subsidiary. The total funding for the parent organization and all subsidiaries must not exceed the project funding limits.
Application Steps:
Applicants must:
1. Create an Account
a. Create a personal profile (name and email)
2. Register Organization information
3. Apply to FPG Fund
4. Select Food Processing Growth Fund from Funding Opportunities
Documentation Needed:
Applicants must submit:
1. Applicant type
2. Project start & end dates
3. Project activities
4. Details confirming that activities align with / support their program goals
5. Anticipated project benefits
6. Project Lead
7. Resourcing for the implementation of project activities.
8. Project expenses and project funding required
9. Permit status, if required
10. Communications/information sharing activities
11. Audited financial statements (for processing businesses)
Other Things to Note:
About the author
Maurice
