REGI — Targeted Manufacturing Initiative for Northern Ontario
ON, Canada
Funding for manufacturers in Northern Ontario
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
grant_single|grantors
- Government of Canada
- Federal Economic Development Agency for Northern Ontario (FedNor)
grant_single|status
grant_card_status|open
grant_single_labels|preview
<p>Get a repayable contribution to increase efficiency, modernize your facilities or increase export sales for your SME manufacturing business.</p>
grant_single_labels|terms_and_conditions
Funding for this initiative involves specific terms and conditions to ensure financial support aligns with project goals. Beneficiaries must adhere to defined contribution limits and repayment terms.
- Assistance available for SMEs is repayable, ensuring funds are returned under agreed terms.
- FedNor will typically contribute up to 33% of eligible capital costs.
- FedNor can cover up to 50% of eligible non-capital costs.
- Costs incurred prior to funding approval are generally ineligible unless prior written consent is obtained from FedNor.
grant_single_labels|projects
The REGI — Targeted Manufacturing Initiative for Northern Ontario grant supports activities focused on enhancing productivity and competitiveness through modernization and improvement of manufacturing processes. These activities are aimed at transforming existing manufacturing operations for better efficiency and capability.
- Improvement and modernization of the manufacturing process to increase productivity and competitiveness.
- Purchases of plant equipment, including digital hardware and software, directly involved in the manufacturing process.
- Installation and commissioning of newly acquired equipment.
- Training programs for the effective use of new equipment.
- Implementation of operational improvements based on recommendations from an Operational Assessment, including lean manufacturing techniques and ICT upgrades.
- Modernizing production facilities by upgrading existing production equipment, such as automation and robotics.
grant_single|admissibleProjectsExample
$ 150,000
Implement a new automated packaging line to boost production capacity
$ 120,000
Modernize production facility with energy-efficient equipment to reduce operational costs
$ 100,000
Upgrade CNC machines to include the latest software for enhanced precision and productivity
$ 200,000
Upgrade manufacturing line with automated robotics and software integration to enhance productivity
$ 130,000
Introduce lean manufacturing processes to reduce waste and improve efficiency
$ 100,000
Renovate facility to include automated quality control systems and operator training
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's business operations and location.
- The applicant must be an established manufacturer.
- The manufacturer must be located in Northern Ontario.
- The primary line of business must be the manufacture of a commercial product.
- The business must be planning for growth.
grant_eligibility_criteria|who_can_apply
Eligible applicants are established manufacturers located in Northern Ontario. For further clarity, established manufacturers means firms currently operating, whose primary line of business is the manufacture of a commercial product and that are planning for growth.
grant_eligibility_criteria|who_cannot_apply
This grant is focused on supporting established manufacturers in Northern Ontario, and as such, companies outside this scope are not eligible. This ensures that the funding is directed toward manufacturers whose primary business is producing commercial products.
- Companies not located in Northern Ontario.
- Businesses whose primary activity is not manufacturing a commercial product.
grant_eligibility_criteria|eligible_expenses
This grant supports the modernization and enhancement of manufacturing processes to increase productivity and competitiveness in Northern Ontario's manufacturing sector. Eligible activities focus on upgrading equipment and implementing operational improvements that lead to enhanced manufacturing capabilities.
- Improving and modernizing the manufacturing process to boost productivity and competitiveness.
- Purchases of plant equipment, including digital hardware and software integral to the manufacturing process.
- Installation and commissioning of new manufacturing equipment.
- Training on the utilization of new equipment.
- Implementing recommendations from operational assessments, such as lean manufacturing, ISO certification, quality controls, and ICT improvements.
- Upgrading and modernizing production facilities, including automation and robotics.
grant_eligibility_criteria|zone
This grant supports manufacturers located in Northern Ontario, reflecting FedNor's commitment to the regional economy. Eligibility is determined by the operational location of the companies within these geographical boundaries.
- All areas within Northern Ontario, Canada.
grant_single_labels|criteria
The evaluation and selection of projects for this grant are based on specific criteria with a focus on the project's contribution to FedNor's objectives for enhancing manufacturing in Northern Ontario.
- Project's potential to enhance manufacturing capability and efficiently modernize the production facilities.
- Contribution to creating a modernized and competitive manufacturing sector in Northern Ontario.
- Increase in export sales and profitability as a result of the project.
- Comprehensive work plan detailing productivity improvements or equipment upgrades, including clear milestones and timelines.
- Evidence of operational capacity to implement the project successfully based on past financial performance and results.
- Reasonable forecast results demonstrating how the project will benefit the business operations with target performance measures.
- Identification and articulation of the project's expected benefits for Northern Ontario.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Contact a FedNor Officer
- Call FedNor at 1-877-333-6673 to discuss your project proposal with a FedNor Officer.
- Consult with the officer to understand the current budget availability and receive guidance on your eligibility and application process.
- Step 2: Prepare Your Proposal
- Develop a work plan detailing the productivity improvement or equipment upgrade, including milestones and timelines.
- Explain how the project will enhance competitiveness and productivity.
- Provide financial statements for the past three years along with interim statements if applicable.
- Include a review of the competitive landscape and how the project will benefit business operations with performance measures and forecasts.
- Step 3: Submit Your Application
- Submit your completed application along with all required documentation to FedNor for assessment.
- Be attentive to any specific submission instructions provided by FedNor.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Funding assistance is generally repayable for SMEs.
- FedNor typically contributes up to 33% of eligible capital costs and up to 50% of eligible non-capital costs.
- Costs incurred before application approval are generally ineligible for reimbursement unless written consent is given by FedNor.
- Project benefits must accrue to Northern Ontario to be considered eligible.
- An overview of how the competitive landscape was reviewed must be included in the application.
grant_single_labels|contact
1-877-333-6673
