Dairy Processing Investment Fund

This program aims to assist dairy processors in adapting to market changes resulting from the Canadian-European Union’s economic trade agreement.

What Is Dairy Processing Investment Fund?

The Dairy Processing Investment Fund is a financial program in Canada that provides support to dairy processors for investments in modernizing their facilities and equipment, enhancing productivity, and expanding their operations. The fund aims to strengthen the competitiveness of the dairy industry and support its growth by assisting processors in adopting innovative technologies and practices.

Dairy Processing Investment Fund Overview

The Dairy Processing Investment Fund supports the modernization and expansion of the Canadian dairy processing sector through financial assistance. It enables dairy processors to invest in advanced equipment, facility upgrades, and projects that enhance productivity.

Eligible dairy processors can access funding for various activities such as equipment acquisition, facility renovations, automation initiatives, and environmental sustainability projects. The fund promotes investments that drive productivity improvements, enhance product quality and diversity, and prioritize environmental responsibility. By supporting the modernization and expansion efforts of dairy processors, the Dairy Processing Investment Fund contributes to the overall advancement and success of the Canadian dairy industry.

How Much Funding?

Up to 50% on the first $2 million, up to 25% afterwards, maximum of $10 million

WHO QUALIFIES?

– For- profit small and medium cheese makers (less than 500 employees)
– For-profit large cheese makers and dairy processors involved in processing dairy products in Canada whose projects have benefits that accrue broadly
– Not-for-profit organizations involved in or representing the dairy processing sector in Canada

Eligible Activities & Expenditures

-Construction, expansion and/or modernization of dairy processing establishments in Canada
– Improving manufacturing technologies and processes or the introduction of new/improved products
– Engagement of external expertise/consultants related to the implementation, certification or validation of plant improvements

Capital expenditures
Contracted services
Salaries
Other Direct Project Cost
Materials/consumables
Rental (facilities/equipment)

PROGRAM DEADLINE

Until March 31, 2023 (This program is currently closed.)

Get Expert Advice and Support

Our team will review your application and provide funding recommendations within a few weeks. If your project is approved, you’ll receive funding to cover a portion of eligible project costs.

Ready to take your business to the next level? Contact EVAMAX today to learn more and start your application process.

Focus on innovation.
Let EVAMAX do the rest.

Get your idea funded. Let’s talk about innovation funding.

Increase your chance of getting approved.

Dairy Processing Investment Fund

What Is Dairy Processing Investment Fund?