Types of support
Funding amount
Funding up to 15% of eligible project costs.
Performance-based loans
Up to 15% funding to a maximum of $5 million, interest free during the project period (up to four years).
- if you achieve your investment and job targets, up to 30% of the loan (to a maximum of $500,000) may be forgiven
- financial statements (historic and forecasts) must demonstrate that the applicant will have the ability to meet the repayment requirements for the loan, at the end of the project
- applicants will be required to enter into a loan agreement and provide security satisfactory to the Province
- more information can be found in Appendix D: Loans
Performance-based grants
Grants are available only for specific circumstances, up to 15% to a maximum:
- of up to $500,000 for small companies located in rural communities
- small and Rural is defined as a company and any of its related companies totaling less than 100 FTEs; and located in a municipality with a population of less than 100,000 people, or a population density of 100 people per square kilometre or less, as identified in the most recent Statistics Canada Census of Canadian population
- of up to $1,500,000 for strategic projects.
- strategic projects are foreign direct investments or from companies competing against other jurisdictions or companies with significant reshoring projects
- reshoring is defined as a company:
- bringing manufacturing (for example, a full line or component) in house that is currently manufactured, outsourced or subcontracted at a location outside of Canada or manufacturing a product/component in Ontario to supply an Ontario manufacturer that currently sources that component from outside of Canada
- to be viewed as significant, the project must lead to a minimum of 15 new jobs in Ontario
Complementary supports and services
Projects may be eligible for non-financial supports that can include advisory services, assistance with compliance approvals, accessing skills and talent, etc.
For example, if your project involves a facility expansion, the purchase of capital machinery and equipment, and support in addressing talent needs, then you may be eligible for supports such as:
- expedited permits such as highway traffic or environmental compliance approvals
- recruitment support for apprenticeship and skilled trades workforce needs
- the Canada-Ontario Job Grant support
- navigating Ontario’s Immigrant Nominee Program and Global Skills Strategy
- Health and Safety Excellence Program
Complete the “Complementary supports and services” section in the application form.
Updated: January 17, 2022
Published: January 17, 2022