Ontario invests $25 million in food processing sector
The Ontario government is investing up to $25 million over two years through the Strategic Agri-Food Processing Fund Program, to increase the province’s food processing capacity.
The Strategic Agri-Food Processing Fund will support industry investment in projects that address the processing capacity shortage. 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 technologies to improve current operations.
“This strategic investment will boost competitiveness and create new opportunities for the Ontario food processing sector and the entire supply chain,” said Lisa Thompson, Minister of Agriculture, Food and Rural Affairs. “By enabling more private-sector investments that increase local food production, we’re ensuring Ontario has a safe and stable food supply made right here at home while driving economic growth and creating good local jobs.”
The application intake for the Strategic Agri-Food Processing Fund opens on April 1.