Ontario Investing Over $74 Million Through Next Round of Skills Development Fund Capital Stream
Our Skills Development Fund (SDF) enables us to connect today’s students with the Golden Generation of Skilled Tradespeople – the people who built this province into what it is today. That’s why our government is launching a second round of the SDF Capital Stream with an investment of over $74 million.
Building on the success of the SDF Capital Stream announced in 2023, Ontario will open a second round on November 29, 2024, with an enhanced, streamlined, and targeted application process that includes a new SEED pathway to help with the upfront costs of developing construction proposals, such as design drawings and technical plans.
As a further improvement, the Capital Stream will now also accept funding proposals all year round, which enables faster application reviews.
SDF comprises two streams: the Training Stream supports hiring, training, and upskilling programs for jobseekers, apprentices, and workers; and the Capital Stream supports upgrades or construction of training centres for the skilled trades. The total investment for both streams is to up to $1.4 billion.
The government also announced today we are investing nearly $5 million from the first round of the SDF Capital Stream with the International Union of Operating Engineers (IUOE) to build a new crane training facility for over 1,600 workers in Oro-Medonte.