workers discuss on factory floor

Program Overview

The Province of Ontario has announced the next intake periods for applications to the Southwestern Ontario Development Fund (SWODF). The fund provides support for projects and investments to businesses, municipalities and not-for-profit organizations for economic development in southwestern Ontario.

 The types of support available include:

  • funding support
  • complementary services and support

The fund supports projects that:

  • create jobs and build talent
  • attract and encourage private sector investment
  • lead to business growth and broad positive economic impacts
  • encourage innovation, collaboration and cluster development

Funding for “business projects” comes in the form of loans up to 15% of eligible project costs, to a maximum of $5M, interest free during the project period (up to 4 years). If you achieve your investment and job targets, up to 30% of the loan (to a maximum of $500,000) may be forgiven.

Grants are available only for specific circumstances, up to 15% to a maximum:

  • Of $500,000 if your company has fewer than 100 employees and is based in rural Ontario (population of your community is less than 100,000 or population density is less than 100 people per square kilometre)
  • Of $1,500,000 for strategic projects that are foreign direct investments or from companies competing against other jurisdictions (in limited circumstances)

Businesses are not allowed to combine (or “stack”) Southwestern Ontario Development funding with other provincial programs.

Eligibility checklists can be submitted at any time but please submit them well in advance of the application intake period.

There are four application intake periods per year for full applications. Applicants will be notified of decisions within 60 business days of the application deadline.

Application Periods

Application period 3 2020-21

  • Application opening:
    • July 16, 2020-August 28, 2020
  • Application deadline:
    • August 28, 2020
  • Application assessment period (60 business days):
    • August 31, 2020-November 26, 2020
  • Notification date (last day to notify applicants):
    • November 26, 2020

Application period 4 2020-21

  • Application opening:
    • October 19, 2020 – December 1, 2020
  • Application deadline:
    • December 1, 2020
  • Application assessment period (60 business days):
    • December 2, 2020–March 2, 2021
  • Notification date (last day to notify applicants):
    • March 2, 2021

 Application period 5 2021

  • Application opening:
    • January 20, 2021 –March 4, 2021
  • Application deadline:
    • March 4, 2021
  • Application assessment period (60 business days):
    • March 5, 2021 – June 2, 2021
  • Notification date (last day to notify applicants):
    • June 2, 2021

Application period 6 2021

  • Application opening:
    • April 22, 2021 – June 4, 2021
  • Application deadline:
    • June 4, 2021
  • Application assessment period (60 business days):
    • June 7, 2021 – September 1, 2021
  • Notification date (last day to notify applicants):
    • September 1, 2021

 

For more information, or to apply, please visit the SWODF website.