Open
Eastern Ontario Development Fund (EODF) — Business project loans
Funding for business growth in eastern Ontario
Last Update: March 4, 2026
Funding available
$ 500,000
Timeline
- Closing date : September 23, 2026
Location
Ontario, Canada
Overview
The Eastern Ontario Development Fund supports businesses and community organizations undertaking development projects in Eastern Ontario. It helps finance investments that expand operations, improve productivity, pursue new markets, and create sustainable jobs.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop a new product or service
- Increase operational productivity
- Develop workforce skills
Eligible Funding
- Maximum amount : 500,000 $
- Minimum amount : 500,000 $
- Up to 15% of project cost
Timeline
- Closing date : September 23, 2026
Eligible candidates
Eligible Industries
- Manufacturing
Location
- Ontario
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- 10 employees minimum
Audience
- Rural or Northern Residents
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Investments in equipment, new technologies, talent, and training
- Expansion of existing operations into new products, services, or markets
- Investment in new operations in Eastern Ontario
Documents Needed
- Application form
- Cash flow forecast
- Articles of incorporation or letters patent
- Corporate family tree
- Three years of financial statements
Eligibility
Who is eligible?
- For-profit businesses registered in Ontario
- Municipalities
- Not-for-profit organizations
Who is not eligible
- Start-ups
- Retail businesses
- Primary production, construction, consulting, and personal services
- Electricity generation, waste management, recycling, and academic research
- Stand-alone restaurants and hotels, unless considered a regional priority
Eligible expenses
- Construction, facility upgrades, and site servicing for the project
- Equipment and machinery, including new technology
- Project-related labour, materials, and specialized expertise
- Skills training and related training costs
- Permits, inspections, and other project-specific fees
Ineligible Costs and Activities
- Primary production, including mining extraction, agriculture, and forestry
- Retail businesses
- Construction, personal services, and consulting
- Electricity generation, waste management, and recycling
- Information and communication services, academic research, and stand-alone restaurants and hotels unless transformative and considered a regional priority
Eligible geographic areas
- Eastern Ontario
- Frontenac
- Haliburton
- Hastings
- Kawartha Lakes
- Lanark
- Leeds and Grenville
- Lennox and Addington
- Muskoka
- Northumberland
- Ottawa
- Peterborough
- Prescott and Russell
- Prince Edward
- Renfrew
- Stormont, Dundas and Glengarry
Processing and Agreement
- Applications are reviewed only if they are complete and submitted by the deadline.
- Applicants are notified of the funding decision within about 60 business days.
- If approved, a funding agreement must be signed before any payment is made.
- Disbursements depend on meeting funding conditions, including project financing and insurance.
- Annual reporting and financial statements are required under the agreement.
Additional information
- Registration on TPON and consultation with a regional advisor are recommended two weeks before the deadline.
- Applicants can work with an external firm, but consultant costs are not eligible project costs.
- Applications may be deferred to the next intake period if incomplete or materially changed after submission.
- Approved projects are subject to public reporting and compliance checks.
Contacts
Frequently Asked Questions about the Eastern Ontario Development Fund (EODF) — Business project loans Program
What is the Eastern Ontario Development Fund (EODF) — Business project loans?
The Eastern Ontario Development Fund supports businesses and community organizations undertaking development projects in Eastern Ontario. It helps finance investments that expand operations, improve productivity, pursue new markets, and create sustainable jobs.
How much funding can be received?
Eastern Ontario Development Fund (EODF) — Business project loans Funds up to 15% of admissible expenses, capped at $500,000 per project.
Who is eligible for the Eastern Ontario Development Fund (EODF) — Business project loans program?
To be eligible for the Eastern Ontario Development Fund (EODF) — Business project loans program, you must:
For-profit business in Ontario
3+ years of operations
10 FTEs, or 5 in rural Ontario
What expenses are eligible under Eastern Ontario Development Fund (EODF) — Business project loans?
Investments in equipment, new technologies, talent, and training
Expansion of existing operations into new products, services, or markets
Investment in new operations in Eastern Ontario
Who can I contact for more information about the Eastern Ontario Development Fund (EODF) — Business project loans?
You can contact Government of Ontario by email at easternregionbas@ontario.ca or by phone at 1 800 267-6592.
Where is the Eastern Ontario Development Fund (EODF) — Business project loans available?
The Eastern Ontario Development Fund (EODF) — Business project loans program is available the province of Ontario.
Is the Eastern Ontario Development Fund (EODF) — Business project loans a grant, loan, or tax credit?
Eastern Ontario Development Fund (EODF) — Business project loans is a Grant and Funding