Dairy Innovation and Investment Fund (DIIF)

Funding Alert: Dairy Innovation and Investment Fund (DIIF)

The Dairy Innovation and Investment Fund (DIIF) is a $333 million program designed to help the dairy sector modernize, replace and increase solids non-fat (SNF) processing capacity and minimize non-marketed skim milk. Funding is available for projects that will result in significant, NET-NEW Capacity to process liquid skim milk and address the structural surplus of SNF within Canada.

The Dairy Innovation and Investment Fund (DIIF) is a $333 million program designed to help the dairy sector modernize, replace and increase solids non-fat (SNF) processing capacity and minimize non-marketed skim milk. Funding is available for projects that will result in significant, net-new capacity to process liquid skim milk and address the structural surplus of SNF within Canada.

Funding Amount

Up to 33% of eligible project costs up to a maximum of $75M per project (or the total funds available in the region of the project, whichever is lower).

Timeline

Project Summary Form (PSF) due Nov 3, 2023. Projects must be completed by Mar 31, 2033.

Eligible Applicants

For-profit organizations, including corporations, cooperatives and partnerships, that:

Are canadian dairy product manufacturers who process cows milk, and
Hold a valid federal or provincial licence for dairy processing.

Region

Across all Canadian provinces. Funding has been allocated to 4 regions as follows.

Ontario ($127M)
Quebec ($109M)
Western Canada (BC/AB/SK/MB – $74M)
Atlantic Canada (NB/PEI/NS/NL – $18M)

Eligible Projects

New facilities: must result in a net increase in solids non-fat processing capacity of at least 50 million litres of skim milk per year (organization-wide in Canada).
Equipment purchase/replacement and/or facility expansion: must result in a net increase in solids non-fat processing capacity of at least 25% and 30 million litres of skim milk per year compared to the current facility and organization-wide in Canada.

Eligible Activities

Construction of a new facility
Purchase/shipment/installation/commissioning of new equipment + systems (e.g. software)
New/expanded milk reception and storage areas
Facility retrofits/renovations to house new equipment
Training to operate new equipment

Eligible Costs

Capital assets and contracted services associated with the above eligible activities.

*Retroactive costs eligible as of November 17, 2022 if the PSF is received by November 3, 2023.

Thinking of applying for financing? These funds are highly competitive, contact us today to get started!

Why Ayming?

Our team of experts will take the time to understand your current and future planned projects. We will then align these initiatives to the program in order to provide you with the highest ROI and the highest chance of approval.

We have extensive experience working with Canadian SMEs and have the expertise to properly position and maximize your application to secure your business funding.
We are the first Canadian company to establish a national grants practice.
Our proprietary artificial intelligence (AI) driven database of grants provides live access to thousands of programs, including a custom snapshot of all federal and provincial grants currently available to each company specifically.
Our highly experienced delivery teams boast over 50 + years of combined grants experience and over 200+ years of combined SR&ED experience, meaning you partner with true subject matter experts who are invested in your success.
No risk success-fee remuneration.