Dairy Processing Investment Fund: Step 3. How to apply

Step 3. How to apply

Application process

There are no delays expected.

Online applications should be processed within 100 business days.

Note: Agriculture and Agri-Food Canada will decide whether or not to fund the project based only on an assessment of the full application package.

A full application package will normally consist of:

• Business Plan (Agriculture and Agri-Food Canada template)
• Copies of all financing agreements related to the project
• Documentation in support of the costs detailed in the project budget, such as quotes, estimates or contracts
• Financial statements for the past three years
• Project Work Plan (Agriculture and Agri-Food Canada template)
• Project Budget (Agriculture and Agri-Food Canada template)
• Project Financing Plan (Agriculture and Agri-Food Canada template)
• Project Performance Information (Agriculture and Agri-Food Canada template)
• Pro Forma Financial Statements for three years after project completion (Capital Investment Project only)
• Signed Application Form (Agriculture and Agri-Food Canada template)

Assessment criteria

An application must be complete in order for staff to begin the assessment. Applications will be assessed against the following criteria, as applicable:

• eligibility (of applicants, activities, costs, location, project timelines);
• capability of the applicant to successfully complete the project including:
  • financial capacity including evaluation and validation of all sources and levels of project financing, both government and private; and,
  • managerial capability (experience and track record)
• how the project will fit into and improve upon the applicant’s existing business for example, improve productivity;
• level of risk associated with the project after mitigation measures proposed to manage/reduce risk have been considered;
• benefits to dairy sector to be derived from the project such as increased use of surplus skim milk, milk or milk components (for large cheese makers and dairy processors);
• extent to which the project is a priority for the dairy industry and how the results will benefits dairy processors (projects from not-for profit organizations);
• financial, management and marketing capacity of the applicant to generate ongoing and/or increased revenues necessary for business viability.

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