Funding Programs in Support of Machinery and Equipment Purchase for Food Manufacturers in Canada GMV Canada Seminar June 24 th , 2016 For Information only
Disclaimer: This presentation is for information only , and aims to provide a snapshot of programs currently available. Applicants must refer to full program criteria to determine eligibility. For Information only 2
Some general information about programs in Canada: • Program availability may vary by province/region • Each program has its own objectives and eligibility criteria • Some programs may target specific industry sub- sectors or SMEs • Levels of funding, as well as availability of repayable or non-repayable contributions vary by program • Cumulating funding from several programs is often allowed up to certain limits For Information only 3
Programs available nationally: AgriInnovation Program – Enabling Commercialization and Adoption Stream Program name: Department or Agriculture and Agri-Food Canada agency: Facilitate the commercial demonstration, commercialization and adoption of Program objective: innovative agri-based products, technologies, processes or services Up to 50% of eligible project costs up to a maximum of $10 million for any Funding amount: project; cost of machinery and equipment may be eligible under the program. Repayable contributions (interest-free over up to 10 years). Funding type: March 31, 2018 Program expiry: http://www.agr.gc.ca/eng/?id=1354301302625 Weblink: For Information only 4
Programs available nationally: Accelerated Capital Cost Allowance Program name: Department or Canada Revenue Agency agency: Allow manufacturers to depreciate eligible equipment at an accelerated rate for Program objective: eligible assets acquired after 2015 and before 2026 N/A Funding amount: Tax benefit Funding type: 2026 Program expiry: http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/rprtng/cptl/menu-eng.html Weblink: For Information only 5
Programs available in Atlantic Canada: Business Development Program Program name: Atlantic Canada Opportunities Agency and available in the provinces of Nova Department or agency: Scotia, New Brunswick, Newfoundland and Labrador, and Prince Edward Island Cover activities related to new establishment, modernization or expansion Program objective: projects Up to 50% of eligible start-up, working capital and capital costs Funding amount: Repayable contributions (interest-free over up to 10 years) Funding type: Not specified Program expiry: http://www.acoa- Weblink: apeca.gc.ca/eng/publications/FactSheetsAndBrochures/Pages/Businessstartups.aspx For Information only 6
Programs available in Québec: The Québec Economic Development Program – Productivity and Expansion Program name: Department or Economic Development Agency for Québec Regions agency: Provide support to maintain and improve the performance of businesses by helping them Program objective: increase productivity and optimize their capacity to produce goods and services Up to 50% of eligible costs for SMEs; equipment purchases may be eligible for Funding amount: support Repayable contributions Funding type: Not specified Program expiry: http://www.dec-ced.gc.ca/eng/funding/business/productivity/index.html Weblink: For Information only 7
Programs available in Ontario: Southern Ontario Prosperity Initiatives – Investing in Business Growth and Productivity Program name: Initiative Department or FedDev Ontario agency: Support adaption/adoption of new technologies, processes, business opportunity development; Program objective: growth and integration in global value chains; facilities improvement or expansion; market development and expansion; business expansion to support greater economic diversification Up to 25% of eligible costs up to a maximum of $20 million per project, including Funding amount: capital, labour, expertise, and non-capital Repayable contributions Funding type: Not specified Program expiry: http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/h_01867.html Weblink: For Information only 8
Programs available in Ontario: Southern Ontario Prosperity Initiatives – Investing in Commercialization Partnerships Program name: Department or FedDev Ontario agency: Support development of commercially-relevant technology platforms; prototyping, demonstration projects, Program objective: advanced product development, and applied research leading to practical commercial application; supporting the development of a critical mass of R&D activity in emerging clusters in southern Ontario Up to 50% of eligible costs up to a maximum of $20 million per project, including Funding amount: capital, labour, expertise, and non-capital Non-repayable contributions Funding type: Not specified Program expiry: http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/h_01864.html Weblink: For Information only 9
Programs available in Ontario: Ontario Jobs and Prosperity Fund: Food and Beverage Growth Fund Program name: Department or Government of the province of Ontario agency: Support projects that help create and retain jobs; strengthen supply-chains; Program objective: enhance innovation and productivity; increase market access Funding available for projects with more than $5 million in eligible costs Funding amount: Program may provide grants of up to 20%; a loan of up to 40%; or a combination Funding type: of grants and loans of up to 40% of eligible costs Not specified Program expiry: https://www.ontario.ca/page/jobs-and-prosperity-fund-food-and-beverage-growth- Weblink: fund For Information only 10
Programs available in Manitoba: Growing Value – Transformation Program name: Department or Government of the province of Manitoba agency: Support operational investments that lead to increased operational efficiencies; waste Program objective: reduction; improved utilization of energy and water; improved environmental sustainability practices; and reductions in greenhouse gas emissions Not specified Funding amount: Non-repayable contributions Funding type: Not specified Program expiry: N/A Weblink: For Information only 11
Programs available in Saskatchewan: Saskatchewan LEAN Improvements in Manufacturing (SLIM) Program name: Department or Government of the province of Saskatchewan agency: Support the adoption of best practices, new technologies, and state-of-the-art processes that stimulate Program objective: improvements in productivity and efficiency, including Lean Gap analysis to identify improvements in productivity and efficiency, process automation, process improvement, and technology adoption 50% of eligible and approved expenses up to a maximum of $500,000 per proponent, eligible Funding amount: proponents must expense a minimum of $200,000 on their project Non-repayable contributions Funding type: Not specified Program expiry: https://www.saskatchewan.ca/business/agriculture-natural-resources-and-industry/agribusiness- Weblink: farmers-and-ranchers/growing-forward-2/saskatchewan-lean-improvements-in-manufacturing For Information only 12
Programs available in Alberta: Agri-Processing Automation and Efficiency Program – Livestock Program name: Department or Alberta Livestock and Meat Agency (ALMA) agency: Help meat processors and livestock producers to invest in new processing Program objective: equipment and adopt improved processes and best practices Up to 20% of eligible costs up to $2.5 million, which may include engineering design, Funding amount: acquisition and installation (including modifications, if needed) of automated machinery and equipment Non-repayable contributions Funding type: Not specified Program expiry: http://www.growingforward.alberta.ca/Programs/index.htm?contentId=AAELIVESTK_PRG&use Weblink: Secondary=true For Information only 13
Programs available in British Columbia: Canada-BC Agri-Innovation Program – Commercialization and Adoption Program name: Department or Government of the province of British Columbia agency: Bring promising innovations (processes, practices, technologies, and products) to market or to Program objective: the field and supporting their adoption by agri-food sector business and support service providers. Portion of cost of innovative equipment may be eligible under the program Funding expected to be cost-shared with industry. Eligible projects may be funded up to 100% Funding amount: in cases where the potential benefit to industry is demonstrated to be substantial. Applicants may be required to contribute up to 50% of the cash costs of the project Non-repayable contributions Funding type: March 31, 2018 Program expiry: http://iafbc.ca/funding-opportunities/innovation/ Weblink: For Information only 14
Questions? Thank you! Contact: Bruno Lamy Sector Specialist, Food Industry Division Agriculture and Agri-Food Canada +1-613-697-9821 bruno.lamy@canada.ca Warren Gould Deputy Director, Food Industry Division Agriculture and Agri-Food Canada +1-613-773-0185 warren.gould@agr.gc.ca For Information only 15
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