Canadian Dairy Commission: Dairy Innovation and Investment Fund
No fixed amount
Grant, Investment
Description:
The Dairy Innovation and Investment Fund (DIIF) aims to help dairy processors in making investments to increase competitiveness over the long term and adapt to the new market realities.
Comments on Funding:
The Fund provides non-repayable contributions to Canadian dairy processors to invest in innovative solutions to better manage the structural surplus of solids non-fat in Canada. The Fund will help the sector modernize, replace and increase solids non-fat processing capacity and minimize non-marketed skim milk.
Applications are closed. Stay tuned for future intake announcement.
Eligibility:
Applicants must be:
1. For-profit organizations, including corporations, cooperatives and partnerships.
2. Canadian dairy manufacturers who process milk from cows.
3. Hold a valid federal or provincial licence to carry out activities with respect to dairy processing. New legal entities involving partnerships with existing Canadian processors are also eligible.
4. Be federally or provincially registered legal entities capable of entering into legally binding agreements.
5. Projects must increase the net skim milk processing capacity of the applicant organization. See section 1.2: Eligible projects of the Applicant Guide for the complete list of project eligibility criteria.
Application Steps:
Applicants must:
1. Complete a project summary form
The project summary form helps to determine your project’s eligibility and whether it meets the Program criteria and priorities.
Submit your complete project summary form by email to diif-fiisl@cdc-ccl.gc.ca
Please contact the Program if you need help to complete and submit the project summary form.
Following the submission of your project summary form, a program officer may contact you to discuss your project. You may be invited to submit a project application package.
2. Complete a project application package
If you are invited to submit a project application package, the Program will send you the forms and instructions you will need. For a complete list of documents that must be included with the project application package, refer to Section 1.5: Application Process in the Applicant Guide.
After you submit your application package, the Program will confirm that your application has been received. You should not consider an application submitted to the Program until you receive this acknowledgement notice.
Documentation Needed:
Applicants must submit:
1. Application form.
2. Project Work Plan listing all activities with detailed descriptions of the work to be undertaken and performance objectives.
3. Detailed Budget for the project, with forecasted total costs by cost category and by fiscal year (from April 1 to March 31).
a. Include copies of quotes, estimates and/or contracts supporting the costs of the project.
4. Project Details, including;
a. For existing facilities, proof of skim milk processing capacity.
b. Letter of assurance from the marketing board of the pool where the project is located that the milk for this project is either available or has the potential to be made available, either within the facility’s current supply or through other means.
c. If available, copies of dairy product(s) market studies. For example, marketing plans identifying the products being sold and targeted market segments.
d. Financing plan and copies of the related financing agreements if available.
5. Two complete financial statements (which will cover 3 years of revenues) including the balance sheet, income statement, and statement of cash flow.
6. Copy of processing licence.
7. Copy of certificate or articles of incorporation.
8. For Quebec-based organizations, proof of compliance with the M-30 Act, if applicable.
9. Additional supporting documentation deemed required for the program and supplementary to the completed application form.
Other Things to Note:
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Maurice
