Administered by Government of Ontario · Last verified: July 2026
An Ontario program supporting established businesses that invest in growth, productivity, and new markets in southwestern Ontario. Funding is usually an interest-free loan of up to 15% of eligible project costs to a maximum of $5 million, with up to 30% (to $500,000) forgivable if investment and job targets are met. Grants up to $500,000 are available in limited cases for smaller rural companies. Businesses generally need three years of operations, at least 10 employees (5 in rural areas), and a project investment of at least $500,000 (or $200,000 rural). This funding cannot be stacked with other provincial programs.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilitySouthwestern Ontario Development Fund is generally open to incorporated, partnership businesses, in Ontario, in Manufacturing, Technology & Software, Agriculture, Other, with at least 5 employees. Confirm the full criteria on the official program page before applying.
The estimated value is Up to $5 million loan (up to 15% of costs), up to 30% forgivable. The actual amount depends on your eligible costs, the program's budget, and approval.
1. Complete the online business stream self-assessment tool 2. Contact a regional advisor to discuss your project 3. Register your organization on Transfer Payment Ontario (TPON) 4. Submit your full application on TPON during an open intake period
Recurring intakes; next deadline September 23, 2026.
50% of costs up to $12,500, plus up to $2,500 for accessibility upgrades and bonuses for multi-unit properties
GRANT50% of costs up to a $20,000 base grant, plus up to $4,000 for accessibility upgrades and more for multi-unit properties
GRANTUp to $200,000 (up to 50% of eligible costs)