Dairy Processing Investment Fund (Capital Investment Projects) – Agriculture and Agri-Food Canada (AAFC) (2022)

  • This program is currently closed.

Description:

The Dairy Processing Investment Fund – Capital Investment projects provides non-repayable contributions to dairy processors for capital investment in equipment and infrastructure, improving manufacturing technologies and processes, or the introduction of new or improved products (including the acquisition and installation of equipment), construction, expansion and/or modernization of dairy processing establishments in Canada, and engagement of external expertise/consultants related to the implementation, certification or validation of plant improvements.

Comments on Funding:

Funding is up to $10 million.

Eligibility:

Applicants must be:

  • For-profit organizations, including co-operatives, which are: small and medium cheese makers, large cheese makers and dairy processors involved in processing dairy products in Canada whose projects have benefits that accrue broadly.
  • Not-for-profit organizations operating dairy processing facilities which manufacture dairy products for commercial sale.

Applications Steps:

Applicants must:

Documentation Needed:

Applicants must submit a full application package which consists of:

  • Business Plan (Agriculture and Agri-Food Canada template)
  • Copies of all financing agreements related to the project
  • Documentation in support of the costs detailed in the project budget, such as quotes, estimates or contracts
  • Financial statements for the past three years
  • Project Work Plan (Agriculture and Agri-Food Canada template)
  • Project Budget (Agriculture and Agri-Food Canada template)
  • Project Financing Plan (Agriculture and Agri-Food Canada template)
  • Project Performance Information (Agriculture and Agri-Food Canada template)
  • Pro Forma Financial Statements for three years after project completion (Capital Investment Project only)
  • Signed Application Form (Agriculture and Agri-Food Canada template).

Other Things to Note:

Program no longer active at the beginning of 2021.

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