Food Processing Growth Fund

The Food Processing Growth Fund (FPG) supports projects in BC’s diverse value-added food processing sector to scale up operations to increase productivity, business opportunities and competitiveness.

Program Goal

To address gaps in BC’s food processing sector to increase food production and economic growth by supporting facility upgrades, new equipment, expanding processing capacity and training.

Background

BC’s food processing sector is the second-largest processing sector in BC (in dollar value) with over 3,200 registered establishments and $12.6 billion in sales. The Food Processing Growth Fund supports BC’s diverse value-added sector, targeting established businesses working to scale up to increase productivity, business opportunities and competitiveness. The fund provides support for established food processors’ scale-up needs, including new or improved equipment, physical infrastructure, specialized research and development expertise, product development, and new innovative processes and systems, business planning, resource training and technical expertise.

The objective of the fund is to assist funding recipients in improving their facilities, operations, capacity, and systems to increase productivity and support utilization of BC agricultural inputs.

Important Dates

Applications will be accepted through the IAF Client Portal starting on April 26, 2023 on an ongoing basis. Applications will be reviewed in batches and funded based on the priorities provided by the Ministry of Agriculture and Food and available funds.

The review dates for each application batch for the 2023/24 fiscal year are as follows:

• June 6, 2023
• July 18, 2023

Additional review dates will be added as required, pending available funds.

Project Start Date (on or after): July 18, 2023

Retroactive costs will not be considered.

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