The Food Processing Growth Funding (FPG) is a three-year program funded by the Government of BC through the Ministry of Agriculture and Food (AF) and delivered by the Investment
Agriculture Foundation of BC (IAF). This program aims to supports projects in BC’s diverse value-added food processing sector to scale up operations to increase productivity, business opportunities and competitiveness.
How Much Funding?
Cost-Share Ratio:
The Food Processing Growth Fund will provide cost-shared funding of up to 75% of eligible costs.
The remaining 25% of costs must be supplied by the applicant / other funding sources.
WHO QUALIFIES?
An applicant must be located in the Province of British Columbia, and must be a(n):
• Established food and/or seafood processing business, with:
o Minimum of two years in operation
o Minimum of $500K gross annual revenues (audited financial statements will be required for verification purposes)
• Established commercial food hub, commissary kitchen and other shared-use commercial
food processing facility;
• Industry group or association
Eligible Activities & Expenditures
Eligible activities include:
PROGRAM DEADLINE
Applications will be accepted starting on April 26, 2023, on an ongoing basis. Applications will be reviewed in batches quarterly and funded on based on the priorities
provided by the Ministry of Agriculture and Food and available funds.
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.
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