To be eligible, your project must involve:
- The construction, renovation, or improvement of a building.
- The purchase of production equipment and non-self-propelled machinery.
- The initial acquisition of perennial plants or breeding stock.
- Carrying out work aimed at the agri-environmental enhancement of cultivated land.
- Conducting work such as digging a well or a water reservoir, as well as developing a water supply or irrigation system.
- The implementation of on-farm agri-environmental projects.
In addition, to benefit from the Growth Investment Program, your project must:
- Increase the production volume, performance, or profitability of your business.
- Comply with animal welfare and/or organic production standards or any new requirements applicable to agri-food production.
- Improve land under cultivation.
- Adopt agri-environmental practices.
The Sustainable Growth Investment Program has four components, each with specific eligibility requirements.
Some projects are not eligible. These include
- Loan consolidation and secured loan conversion.
- Share purchasing and/or permanent working capital financing.
- Quota purchasing.
- The purchase of land, a house, existing buildings, or any transaction that, according to FADQ, constitutes the purchase of a farm in whole or in part.
- The purchase of assets used primarily, according to FADQ, for purposes other than agriculture.
- Funding for administrative improvements.
- The purchase of self-propelled machinery.
- Leasing contracts (lease-purchase).
- Investments for the replacement of an asset by the same asset or resulting from negligence or related to the regular annual maintenance of buildings, machinery, or equipment.
- The purchase of assets, in whole or in part, belonging to an enterprise having in common, directly or indirectly with the purchaser, an owner, a shareholder, a partner, or a member.
- The purchase of assets resulting from a business merger, demerger, or division of a company into different entities.
- Financing of current operating expenses, including administrative expenses such as FADQ fees.
- Sales taxes (GST and QST).
- Investments made outside of Québec.
- Permanent short-term needs.