The governments of Canada and Ontario are investing up to $6 million through the Sustainable Canadian Agricultural Partnership (Sustainable CAP) to help eligible agri-food businesses and industry organizations expand into domestic and foreign markets.
The Grow Ontario Market Initiative is a new, cost-share initiative that aims to help food and beverage processors, farm businesses and agri-food sector organizations take action to reach new markets. Examples of eligible projects could include market analysis and planning, product development activities and/or new market-entry promotional efforts to expand opportunities for Ontario food products.
Under the Grow Ontario Market Initiative, applicants can receive up to 50 per cent cost share for eligible costs, to a maximum of $60,000 per business for producers and food and beverage processors, and up to $125,000 for sector organizations. Eligible businesses can apply for support through this program starting on May 19, 2023.
This initiative was developed following discussions with agri-food sector businesses and sector organizations. It builds on other actions our government has taken to support the
sector’s growth, such as a minister-led agri-food trade mission to Japan and Vietnam in February 2023. It also follows investments of $10 million through the Food Security and Supply Chain Fund, and $22 million through the Agri-tech Innovation Program.
Sustainable CAP is a five-year (2023-2028), $3.5-billion investment by federal-provincial and territorial governments to strengthen competitiveness, innovation, and resiliency of the agriculture, agri-food and agri-based products sector. This includes $1 billion in federal programs and activities and a $2.5 billion commitment that is cost-shared 60 per cent federally and 40 per cent provincially/territorially for programs that are designed and delivered by the provinces and territories.
Source : Grocerybusiness