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Funding Alert: $500,000 South Western Ontario Development Fund

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Funding Alerts
September 2, 2022

Funding Alert: South Western Ontario Development Fund

The Southwestern Ontario Development Fund provides support for projects and investments to businesses, and not-for-profit organizations for economic development in southwestern Ontario. The fund supports projects that create and build talent, attract and encourage private sector investment and lead to business growth and innovation.

Funding Amount 

Grant funding of 15% up to $500,000 for businesses with less than 100 employees and based in rural Ontario.

Interest-free repayable funding of 15% up to $500,000 if the business is located in a city or town with a population of more than 100,000 people.

Funding type

Non-repayable government grant and Interest-Free Loan

Regions

  • Brant
  • Bruce
  • Chatham-Kent
  • Dufferin
  • Elgin
  • Essex
  • Grey
  • Haldimand
  • Huron
  • Lambton
  • Middlesex
  • Niagara
  • Norfolk
  • Oxford
  • Perth
  • Simcoe
  • Waterloo
  • Wellington

Eligible applicants

  • Must have at least 3 years of operations/financial statements
  • Must employ at least 10 people (or 5 if based in rural Ontario)
  • Must commit to creating at least 5 new jobs (or a 30% increase for companies with fewer than 15 employees)
  • Must invest at least $500,000 in their project (or $200,000 if based in rural Ontario)

Funding Process

Applicants must connect with an Advisor and submit an Eligibility Checklist before being allowed to submit a full Application

Application Due Date

Applications open October 6 and eligibility checklists are due November 7, 2022

Timeline

Projects that take place between: 2022 to 2027

 

Thinking of applying for financing? Don’t wait! These funds are *very* competitive. Contact us today to get started!


Why Ayming?

Our team of experts will take the time to understand your current and future planned projects. We will then align these initiatives to the program in order to provide you with the highest ROI and the highest chance of approval.

  • We have extensive experience working with Canadian SMEs and have the expertise to properly position and maximize your application to secure your business funding.
  • We are the first Canadian company to establish a national grants practice.
  • Our proprietary artificial intelligence (AI) driven database of grants provides live access to thousands of programs, including a custom snapshot of all federal and provincial grants currently available to each company specifically.
  • Our highly experienced delivery teams boast over 50 + years of combined grants experience and over 200+ years of combined SR&ED experience, meaning you partner with true subject matter experts who are invested in your success.
  • No risk success-fee remuneration.

Contact one of our Grant experts today to get your application started ASAP before program funding is depleted! We’re here to help and answer all of your questions.

Contact us today!

One of our experts will be in touch shortly.
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