Government of Ontario, Ministry of Natural Resources and Forestry – Forest Sector Investment and Innovation Program (FSIIP) – Business Projects (2022)
Description:
The Forest Sector Investment and Innovation Program (FSIIP) – Business Projects program provides funding for strategic investments in the forest sector to for-profit manufacturers and processors of wood and forest biomass across Ontario.
Strategic investments must improve productivity and innovation, enhance competitiveness, support new market access, provide benefits to Ontario’s broader forest sector and strengthen regional economies.
Comments on Funding:
Applicants may apply for either a loan or a grant, not both.
Funding is up to 30% of eligible costs in the form of a performance-based loan, of which, up to 50% may be forgivable (if job, investment, and payroll targets met). During the repayment period, after the project completion date, interest will be charged at Ontario’s cost of borrowing plus 3%.
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.
Eligibility:
Applicants must be for-profit manufacturers and processors of wood and forest biomass across Ontario, including:
Harvesting and hauling companies/projects are not eligible for funding.
Applications Steps:
There is a 2-stage application and evaluation process, as following:
Other Things to Note:
FSIIP will follow an open, competitive rounds-based application process.
For the purpose of funding tags I used the Eligible cost categories in the FSIIP Guidelines.
Program Contact:
When It Ends:
Ongoing
Deadline:
March 18, 2022
June 17, 2022
September 16, 2022
December 16, 2022
March 17, 2023
June 16, 2023