The Growth Investment Program has been in effect since April 1, 2020. This program replaces the Support for Diversification and Regional Development and the Support for Québec Farm Business Development Programs.
This program was put in place for farmers who have projects to put forward, regardless of their production sector or which life cycle their business is in. It aims to support productive and sustainable investments.
The financial assistance consists of an investment grant conditional on a loan guarantee from La Financière agricole. The maximum amount of eligible financing per business is $800,000. Assistance is paid out over a three-year period. After this period, businesses will once again be eligible for an investment grant from the Growth Investment Program for a new project.