Industry Development Trust Funds

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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:

Tony Kluge
Senior Manager
Partnership Programs
Industry Competitiveness Branch
Ministry of Agriculture and Lands
PO Box 9120 Stn Prov Govt
Victoria, BC V8W 9E4
250-356-1681