Guest post from Mentor Works:
|Chris Casemore, Director of Client Management and Development
LinkedIn: Chris Casemore
Ontario Government Grants for Agri-Food Processors Offer up to $350K in Funding Over 5 Years
The agriculture and food processing sectors are among the most heavily funded in Canada as regular recipients of 10’s of billions in funding annually. Through 2014, the sector's prominence in the government funding arena will continue with several popular and accessible programs being offered on both the provincial and federal levels of government. Of the funding programs available to food processors, "Ontario’s Growing Forward 2 (GF2) funding for project implementation and capacity building” stand out as two of the most popular and accessible.
Growing Forward 2 Ontario: Capacity Building
Capacity building projects are eligible for funding of up to 50% of project costs, with a cap of $350,000 over 5 years. Applications are being accepted on an ongoing basis with projects being required to fit into the 6 focus areas of Growing Forward 2. Eligible projects include strategic planning, audits or assessments, and training or skills development.
Growing Forward 2 Ontario: Project Implementation
The Project Implementation stream of funding from the Growing
Forward 2 program is focused on helping Ontario-based Processors, who have
completed Capacity Building activities, address and resolve a risk or issue
that was discovered in that process.
Additional Government Business Grants Programs Available to Food Processors in Ontario.
Eligible implementation projects will receive up to 35% in projects costs; up to 50% of project costs for Innovative projects to a maximum of $350,000 over the 5-year term of the funding, including Capacity Building and Project Implementation related activities. In order to qualify for GF2 funding for project implementation projects firms are encouraged to complete a Capacity Building project(s) and want to resolve an issue discovered in that process, which fits with one of the focus areas of the Growing Forward 2 program. In take periods for this year are from May 6, 2014 to August 28, 2014 and September 2, 2014 to December 11, 2014 and eligible costs can be backdated until April 1, 2014.
Additional Government Business Grants Programs Available to Food Processors in Ontario
Also of interest to food processors in Ontario is the $10M per year Local Food Fund, a program that offers support to innovative projects that result in the improved access to, demand for, and awareness of local food in Ontario. And on the national level Agriculture and Agri-Food Canada has created the AgriMarketing Program to enhance the marketing capacity and competitiveness of the Canadian agriculture, agri-food, fish and seafood sectors.
Subscribe to Mentor Works Weekly E-newsletter in order to stay up to date on government funding available to help your business overcome financial obstacles to growth or register for an upcoming government funding workshop to learn more about grants and loans available to your business. Mentor Works provides comprehensive funding strategies, from discovering ideal funding opportunities to applicant support services. Feel free to contact Mentor Works directly to learn more.