This initiative is designed specifically for agri-food processors in Ontario, like your business. By applying, you can reduce energy costs and enhance your operations through improved energy efficiency. The program supports various upgrades, including new equipment and renewable energy systems, which can significantly increase your profitability.

The best part? You are eligible for grants, meaning you receive funding without the burden of repayment. This allows you to invest straight back into your business without worrying about getting into debt. Imagine modernizing your operations while cutting energy expenses—this could be a game-changer for your bottom line.

Eligible activities in this program can simplify your path to increased efficiency. Whether you aim to upgrade equipment or improve your building's energy systems, this initiative provides a valuable support system tailored to your needs. Don’t miss out on the chance to make impactful changes that can propel your business forward.

Type of Financing

This program offers grants to eligible agri-food processors. Grants are funds you don’t have to repay, making them a great option for businesses looking to enhance energy efficiency without the burden of debt.

Repayment Terms and Eligible Expenses

There are no repayment terms or interest rates associated with these grants. You can use the funds for various eligible expenses, including:

• Purchasing or modifying energy-efficient equipment and technology.
• Implementing renewable energy systems.
• Making improvements to building envelopes, such as upgrading lighting to energy-efficient options.

Ineligible Expenses and Fees

Funds cannot be used for general operational costs, existing debt, or acquiring property. It's important to note that there are no application fees associated with this program, so you can focus on your project without worrying about extra costs.

• Location: Business must be located in Ontario.
• Sector: Must operate as an agri-food processor.
• Employees: No minimum or maximum number of employees required.
• Company Revenue: No minimum or maximum revenue requirements.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• None mentioned in the context.

This initiative offers you a chance to improve energy efficiency in your agri-food processing business. By implementing new technologies and processes, you can reduce energy costs and enhance the overall performance of your operations.

You can receive funding to purchase or upgrade equipment that boosts energy efficiency. This includes improvements to your building's energy systems, like installing renewable energy solutions or upgrading lighting. The goal is to help you save money and increase your profitability.

The best part? You won’t have to worry about payback. This support comes in the form of grants, which means you can invest in your business without the financial strain of repayment. This is a valuable opportunity to modernize your operations and reduce your energy expenses.