Unlock $2.5 Million in Funding for Modernization in Manitoba’s Agri-Processing Sector
The agri-processing industry in Manitoba is experiencing rapid growth, and the provincial government is providing exciting new opportunities for businesses looking to modernize, expand, and increase efficiency. The recently launched Capital Infrastructure and Investments Program is designed to support Manitoba’s agri-food and agri-product processors, along with Indigenous groups, by offering significant financial assistance for projects that build capacity, enhance sustainability, and drive innovation in the sector.
With up to $2.5 million available per project, the Capital Infrastructure and Investments Program is an invaluable resource for those in the agri-processing sector. Read on to learn more about how this program can help your business take the next big leap in efficiency, productivity, and profitability.
What Does the Program Fund?
This program offers support for capital investment purchases that can transform operations by introducing new technologies, streamlining processes, improving environmental sustainability, and opening doors to new revenue streams like co-packing services. By investing in modernization, businesses can better manage their operations, reduce inefficiencies, and access new markets through enhanced quality control measures.
Here’s what the funding can cover:
- Equipment for modernization and capacity building
- Software to improve operations and efficiency
- Professional services to implement new systems and processes
- Materials and supplies needed for project execution
- Subcontracted services for specialized tasks
- Overhead costs, up to 10% of total approved expenses
Whether you’re looking to implement cutting-edge technology or expand your current operations, this program is designed to help you make the investments needed to stay ahead.
Who Is Eligible to Apply?
The program is open to a wide range of applicants in Manitoba’s agri-processing sector, including:
- Agri-food processors
- Agri-product processors
- Primary producers engaged in transforming agricultural commodities into value-added goods
- Indigenous groups, including First Nations, Inuit, Métis governments, communities, Tribal Councils, associations, and organizations
If your business fits within these categories and you’re planning a project that aligns with the program’s goals, you may be eligible to apply!
Important Intake and Project Dates
- Application Intake Period: October 3, 2024, to October 31, 2024 (11:59 PM). Applications must be submitted within this window to be considered.
- Project Start Date: All projects must start on or after April 1, 2025.
- Project Completion Deadlines:
- Projects with total eligible expenses of $100,000 or less must be completed by February 12, 2026.
- Projects exceeding $100,000 may be completed by December 31, 2026.
Funding Details and Cost Share Ratios
The program offers a cost-sharing model between the government and the applicant. The government will contribute:
- 25% on the first $200,000 of eligible expenses
- 10% on any eligible expenses exceeding $200,000
To qualify, your project must have a minimum value of $50,000 in eligible expenses. The maximum government contribution is capped at $2.5 million per project, making this a significant opportunity for those planning large-scale improvements.
Why You Should Apply
This program provides a rare opportunity to secure substantial government funding for your capital investments. Whether you’re implementing new technologies, integrating company operations, or entering new markets, this funding can be the key to transforming your business and staying competitive in Manitoba’s evolving agri-processing landscape.
But with the intake period closing on October 31, 2024, time is of the essence! If you’re eligible and have a project in mind, it’s important to act quickly to ensure your application is submitted on time.
How GrantMatch Can Help
Navigating the complexities of government funding programs can be challenging, but that’s where we come in. At GrantMatch, we specialize in helping businesses like yours access government funding opportunities. We can guide you through the application process, ensuring you have the best chance of securing funding for your capital investment project.
If you’re interested in applying for the Capital Infrastructure and Investments Program or want to learn more about your eligibility, reach out to our team today. We’ll work with you to develop a strong application and help you capitalize on this exciting funding opportunity.
Let’s build the future of Manitoba’s agri-processing sector together.
