A microbrewery in Quebec’s Gaspe region plans to boost its production and demand for barley with a federal loan.
Microbrasserie Le Naufrageur, based at Carleton-sur-Mer on Chaleur Bay, received a repayable contribution before Christmas worth up to $65,000 from the federal government’s AgriProcessing Initiative.
The money is expected to allow the company to increase production capacity, diversify its line of artisanal beers and buy and install fermenting tanks and a new bottling line.
“This repayable contribution will allow the Microbrasserie Le Naufrageur to modernize its facilities while helping it increase its production and the net profits of Canadian barley farmers, while helping to create new jobs in the region,” Quebec MP Jean-Pierre Blackburn, the federal minister of state for agriculture, said in a release.
The AgriProcessing Initiative, started in 2009 by the federal government, is budgeted for up to $50 million over five years for the agri-processing sector in Canada.
The program can provide repayable contributions of up to $2 million per project, or up to 50 per cent of eligible costs, whichever is less, towards the cost of purchasing and installing new-to-company machinery and equipment.
Funded projects must be completed by March 31, 2014.