Canadian Farm Business Advisory Services

Planning and Assessment for Value-Added Enterprises

Preparing the Proposal and Elements of Your Plan

Before you can begin the planning process, you must submit a proposal to AAFC. Your consultant will work with you to ensure that your proposal includes all of the required elements in order to be approved for funding. The elements you are required to include will be determined by whether you are:

1. Starting a new value-added enterprise or;
2. Expanding an existing value-added enterprise.

Please visit our Tips for Preparing a Proposal guide for more information about preparing your plan.

Starting a value-added enterprise

If you are applying for funding to start a new value-added enterprise, you must submit a proposal to AAFC that consists of the following two components:

• A feasibility assessment - identifies the risks and uncertainties your new enterprise will face and helps you determine whether your venture can generate enough success to justify the investment; and
• A business plan - a critical path for operating your enterprise, measuring its progress, and setting and meeting goals.

Expanding an existing value-added enterprise

If you are applying for funding to expand an existing value-added enterprise, you must submit a business plan to AAFC.

The business plan is a road map for operating the value-added enterprise, and for measuring progress along the way. It will document where your enterprise is expected to be three to five years from now, and how you plan to take it there.

Step 3: Complete the Application Form >>