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My colleague, Lisa Thompson, Minister of Agriculture Food and Rural Affairs, announced that the government is investing up to $25 million over two years to build up the province’s food processing capacity, strengthen its food security and create jobs.
The new Strategic Agri-Food Processing Fund, which was announced in the 2021 Fall Economic Statement, will support industry investment in projects that address the processing capacity shortage and increase the sector’s competitiveness and resilience against future disruptions.
Agri-food businesses are eligible for up to $3 million in cost-share funding to either build new processing facilities, expand or modernize existing facilities and adopt new innovative technologies to improve current operations.
The application intake for the Strategic Agri-Food Processing Fund opens on April 1, 2022.