Help for farmers and agri-business
The Agriculture Clean Technology (ACT) Program, introduced in Budget 2021, offers two streams for potential applications. One of them—the ACT – Adoption Stream—provides non-repayable funding to help farmers and agri-business with the purchase and installation of clean technologies. Eligible projects should have a cost of at least $50,000, and priority will be given to those that reduce greenhouse gas (GHG) emissions.
Eligible projects include energy efficiency improvements, precision agriculture and bio-economy investments. The government will contribute up to 50 percent for projects with for-profit recipients and up to 75 percent for not-for-profit recipients. This funding stream will be available from 2021 to 2026.
Who is eligible to apply?
To be eligible, applicants must be Canadian individuals or legal entities.
How do I apply?
The government is now accepting applications for the ACT program – Adoption Stream. Applicants must submit a project summary form, which will allow government staff to determine if the project is eligible, prior to completing the full application. Those that meet the program’s priorities and criteria may be invited to submit a full project application.
Applications will be accepted on a continuous basis until funding has been fully committed or otherwise announced by the program. More application details can be found on the program’s webpage.
Learn more about the ACT Program, as well as the ACT Program – Research and Innovation Stream, by clicking on the links below.
Please reach out to your Grant Thornton advisor if you would like to learn how you and your business can benefit from this program.