Federal government launches a new support program for processors of Canada’s supply-managed commodities
By Canadian Poultry magazineNews Emerging Trends
Millions going to help processors increase competitiveness, resilience.
This week, the federal government announced it has launched the Supply Management Processing Investment Fund, worth $292.5 million, to help processors of supply-managed commodities increase their competitiveness and resilience in the face of evolving markets.
The Supply Management Processing Investment Fund is part of the federal government’s commitment to support processors in these sectors to address the impacts of international trade agreements.
Through this program, processors of supply-managed commodities will have access to funding to improve their productivity and efficiency through investments in new automated equipment and technology.
The fund leverages private investment in processing plants to accelerate adoption of automation to lower processing costs, address labour shortages and enhance product quality.
Launching this week, the two-step application process includes first submitting a Project Summary Form, which will help to determine a project’s eligibility and alignment with program criteria and priorities. Those successful at this stage will be invited to submit a full application.
“We are pleased to see the government fulfill its commitment to support additional investments in poultry and egg processing plants as a means to mitigate the impact of market access concessions made in CPTPP,” says Ian McFall, chair, Canadian Poultry and Egg Processors Council.
“The fund will leverage private investments in processing plants to boost productivity, respond to changing customer expectations and improve our industry’s efficiency, viability and competitiveness.”
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