Strategic Agri-Food Processing Fund launches April 1st
Posted: March 30, 2022
Categories: Funding Opportunities / GoodFoodBites
The application intake for the Strategic Agri-Food Processing Fund opens on April 1, 2022.
Through the Fund, which was announced in the 2021 Fall Economic Statement, the Ontario government is investing up to $25 million over two years to build up the province’s food processing capacity.
The Strategic Agri-Food Processing Fund will support industry investment in projects that address the processing capacity shortage and increase the sector’s competitiveness and resilience against future disruptions.
Agri-food businesses are eligible for up to $3 million in cost-share funding to either build new processing facilities, expand or modernize existing facilities and adopt new innovative technologies to improve current operations.
In an effort to increase local food production across Ontario, rural, northern and Indigenous businesses will receive an additional five per cent in cost-share funding to build critical processing capacity in underserviced areas.
Read more in the province’s news release, and learn more about the Fund, including eligibility, on the province’s website here.