Government Grant of up to $20 Million!
Program Supports Innovation in the Forestry Sector
The Investments in Forest Industry Transformation program offers grant funding of up to 50% to a maximum of $20 million to Canadian forestry sector businesses towards demonstrating innovative technologies at pilot or commercial scale levels. Funding for companies with less than 100 employees and under $50 million in annual sales is limited to $2 million. Projects should lead to new or increased production of bioenergy, biomaterials, biochemicals or next generation building products, the adoption of first-in-Canada technologies or new applications of existing technologies, and/or the creation of non-traditional partnerships. Eligible recipients are companies that manufacture forest products (e.g. pulp, paper and lumber mills, furniture and cabinet manufacturers, biofuel producers). Eligible expenditures include:
- Capital expenses (including equipment), material and supplies
- Technical/environmental audits and assessments, licensing and permit fees
- Sub-contractors and consultants
- Salaries, benefits and training for employees involved in project implementation
- Travel, meals and accommodation
Please note that costs associated with the production or exports of softwood lumber products are ineligible for funding. Project costs must be incurred after a contribution agreement has been made, and before March 31, 2020. Interested companies must submit an expression of interest no later than October 12, 2017.
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