Invest in an Agri-Food Investment Fund to attract investment and create good, well-paying jobs in food processing.

What success looks like

The agri-food sector is a leading area for economic growth over the next 10 years.

Government's narrative on progress

The government announced a $1.26 billion five-year Strategic Innovation Fund (SIF) to attract and support new high-quality business investments, including for agri-food value added processors in 2017. The Fall Economic Statement 2018 proposed an additional $800 million over five years to SIF. On December 14, 2018, a new stream was initiated under SIF for national scale initiatives in digital technology applications in the agriculture and agri-food sector. In addition, Budget 2019 proposes to allocate $100 million over five years, beginning in 2019–20, from the Strategic Innovation Fund, to support innovation in the food processing sector.

Note: this is the government's own description, not an independent assessment.