Canada Growth Fund (CGF)$15 billion total fund available
The Canada Growth Fund (CGF) is designed to attract substantial private sector investment in Canadian businesses and projects that grow the economy while reducing emissions.
Catalogue page, published under the editorial responsibility of
Chase Miller, Chief Business Development Officer and Co-Founder
Chase Miller is Chief Business Development Officer and Co-Founder of Impact Applications, the Calgary grant consultancy he co-founded in April 2023 after running Synced Digital, a web agency for Alberta startups. He works directly with the firm's clients on their federal and provincial applications and writes and reviews the program guides on this site. LinkedIn
- average funding secured per client
- $334,132 average funding secured per client
- approval rate
- 94% approval rate
About this program
The Canada Growth Fund (CGF) is designed to attract substantial private sector investment in Canadian businesses and projects that grow the economy while reducing emissions. It provides financing through equity, debt, hybrid instruments, and contracts like offtake agreements to support three key areas: emissions-reduction projects using innovative technologies, scaling Canadian clean technology companies, and strengthening low-carbon supply chains including critical minerals. The fund targets projects that demonstrate additionality by unlocking private investment that wouldn't otherwise be secured. CGF operates as an independent, arm's length investment fund managed by Canada Growth Fund Investment Management, a subsidiary of PSP Investments.
Who is eligible
Canadian companies or projects with activities in Canada that align with CGF's mandate for emissions reductions and economic competitiveness. Must demonstrate additionality by attracting private sector investment, be financially sound with reasonable expectation of return, and fall within focus areas of Projects, Clean Technology, or Low-Carbon Supply Chains.
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Official program pageQuestions about Canada Growth Fund (CGF)
Who is eligible for Canada Growth Fund (CGF)?
Canadian companies or projects with activities in Canada that align with CGF's mandate for emissions reductions and economic competitiveness. Must demonstrate additionality by attracting private sector investment, be financially sound with reasonable expectation of return, and fall within focus areas of Projects, Clean Technology, or Low-Carbon Supply Chains.
How much does Canada Growth Fund (CGF) provide?
$15 billion total fund available.
What costs does Canada Growth Fund (CGF) cover?
Capital expenditures for construction or facility expansion; Working capital during project start-up; Transaction costs and advisory fees; External management fees for fund commitments
When is the Canada Growth Fund (CGF) deadline?
Open continuously - rolling intake Deadline type: Rolling.
Is Canada Growth Fund (CGF) repayable?
Yes. Canada Growth Fund (CGF) is financing, so the money is paid back on the program's terms.