Step 3. How to apply
Intake period: Closed
The application intake period for the Dairy Processing Investment Fund is now closed.
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)
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.