Ministry of Agriculture and Lands
Industry Development Trust Funds
Purpose
- Provide the incentive and opportunity for industry sectors to lead, manage, and finance their own development by providing partial funding for development activities.
- Assist industry in establishing partnerships with other parties who share their development priorities - using available industry funds to optimum.
Description
- Trust Funds are established for specific sectors to provide partial funding as a catalyst for their industry development initiatives.
- The Trust Funds are managed by an independent trustee - not government.
- Earnings, and capital in some cases, from the Trusts are available for industry projects.
- Industry invests in all projects undertaken, i.e. Industry must match the funds flowing from the Trust on a dollar for dollar basis.
- All initiatives are approved, managed, and administered by advisory committees made up of producers and other industry members (with producers in majority).
- All non-government sources of funds can be used for match funding.
- 10 Trust Funds totaling over $16 million.
Access/Who Can Apply?
- Industry sets priorities for funding and makes the decisions on projects, - individuals, organizations, etc. make application
- Criteria of the funds include: viability, profitability, market responsiveness, education, technology development and transfer, environmental management, cost sharing, etc.
- Projects must benefit industry sector generally, direct financial assistance to a commercial entity is not eligible.
| Trust Fund | Administrator |
|---|---|
| Beef Cattle Industry | Cattle Industry Development Council |
| Blueberry Industry | BC Blueberry Council |
| Hog Industry | BC Pork Producers Association |
| Peace River Agriculture Development (PRAD) | BC Peace River Grain Industry Development Council |
| Potato Industry | BC Potato and Vegetable Growers Association |
| Processing Vegetable Industry | BC Vegetable Marketing Commission |
| Raspberry Industry | Lower Mainland Horticulture Improvement Association |
| Sheep Industry | BC Sheep Federation |
| Strawberry Industry | Fraser Valley Strawberry Growers Association |
| Tree Fruit Industry | BC Fruit Growers Association |
For further information contact:
Jo Ann Sandhu
Competitive Innovation Unit
Industry Competitiveness Branch
Ministry of Agriculture and Lands
PO Box 9120 Stn Prov Govt
Victoria, BC V8W 9E4
250-356-6660
