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.