Quebec sees $5B to be invested in its food industry
The local government of Quebec will be shelling out $2.5 billion to enhance its food policies through 2025, a sum it hopes to be doubled by investments from the private sector.
The province’s “first-ever bio-food policy” was revealed Friday by its premier, Philippe Couillard, according to the Global News.
As a result of its investments, Quebec expects the private sector to follow suit in pouring out funds for the priority sector.
As such, Couillard sees total financing on food and agriculture totaling $5 billion in the next seven years, with half deriving from federal funds while the remaining half from companies.
The government unveiled it has been working on this policy following several consultations with industry stakeholders including farmers, restaurateurs and store owners.
With the new measure, Couillard hopes schools will better educate students at an early age to learn and appreciate where their food comes from.