Deadline: 25-Jan-23
The Government of Ontario is now accepting applications for its Forest Sector Investment and Innovation Program.
The Forest Sector Investment and Innovation Program provides funding for strategic investments in the forest sector that:
- Enhance competitiveness.
- Support new market access.
- Provide benefits to Ontario’s broader forest sector.
- Strengthen regional economies.
Categories
Support is available under two project categories:
- Business projects.
- Collaboration projects.
Funding Information
- Business projects
- You can receive funding support of up to 30% of eligible costs in the form of a performance-based loan (of which, up to 50% may be forgivable).
- Grants of up to 15% of eligible costs may be considered in exceptional situations at the discretion of the province.
- Stacking with other provincial funding programs is not allowed. Stacking with other government support (for example, federal or municipal) is allowed to a maximum of 50% of eligible project costs.
- Collaboration projects
- You can receive funding support of up to 30% of eligible costs in the form of a grant to a maximum of $3 million.
- Stacking with other government funding programs (for example, federal, provincial and municipal) is allowed to a maximum of 75% of eligible project costs.
Eligible Projects
- Business projects
- Support is available for Ontario-based projects with at least $3 million in eligible costs undertaken by for-profit manufacturers and processors of wood and forest biomass across Ontario, including:
- Saw mills.
- Pulp and paper mills.
- Secondary wood manufacturers.
- Bio-economy projects.
- Harvesting and resource extraction projects are not eligible for funding.
- Support is available for Ontario-based projects with at least $3 million in eligible costs undertaken by for-profit manufacturers and processors of wood and forest biomass across Ontario, including:
- Collaboration projects
- Support is available for Ontario-based projects with at least $3 million in eligible costs undertaken through a collaboration of:
- Forest sector for-profit businesses.
- Not-for-profit research organizations.
- Forest industry associations.
- Academia.
- Eligible collaborations should develop, diversify and transform Ontario’s forest sector through innovation in technology, process or products.
- Support is available for Ontario-based projects with at least $3 million in eligible costs undertaken through a collaboration of:
For more information, visit Government of Ontario.