Ontario invests in ag. growth through production and efficiency
November 24, 2023 By Greenhouse Canada
N0v. 24, 2023 – The governments of Canada and Ontario are investing up to $25 million with the goal of helping to expand production capacity and boost energy efficiency in the agriculture and food sector.
Through the Sustainable Canadian Agricultural Partnership (Sustainable CAP) and the Agri-Tech Innovation Initiative, funding will be provided to eligible farm and food processing businesses to help them invest in technology, equipment or processes that will expand production capacity or enhance efficiency.
This investment will support the objectives laid out in the Grow Ontario Strategy of increasing the production and consumption of food grown and prepared in the province by 30 per cent by 2032 and boosting the economic impact of Ontario’s robust food and beverage manufacturing by 10 per cent.
Projects will be supported under the Initiative by allocating funds for businesses to obtain innovative equipment and technology to increase productivity and efficiency. Projects that also enhance cyber security in the agriculture and food sector are also among the investment’s targeted outcomes.
Innovative technology and equipment projects, up to $100,000, will be eligible for up to a 50 per cent cost-share. Larger projects will be eligible for a 35 per cent cost-share, up to $100,000 in funding.
Applications for the Initiative will be accepted starting on February 15, 2024.
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