October 5, 2015 – Ottawa, Ontario – Agriculture and Agri-Food Canada
The Processor Modernization Program and Market Development Initiative will be available for agri-food processors in the supply-managed sectors. These programs have been approved by Cabinet and will be phased in starting fiscal year 2015/16.
The seven-year $450-million Processor Modernization Program will provide processors with support to increase competitiveness through capital investments and technical and management capacity.
There will be a two-step application process:
- A letter of intent with screening form
- If eligible, a full application to follow
Assessment will be based on merit, feasibility and quality of business plan. Funding for activities will begin in advance of the implementation of TPP.
The Market Development Initiative provides new funding over five years to the AgriMarketing Program to help the supply-managed sector to maintain, develop and expand their Canadian and international market share. The Initiative will add $15 million of new funding to the AgriMarketing Program.
Media Relations
Agriculture and Agri-Food Canada
Ottawa, Ontario
613-773-7972
1-866-345-7972
Follow us on Twitter: @AAFC_Canada
