GrantMatch Offers Your Business the Highest Probability of Successfully Securing up to $3,000,000 in Funding
The Forest Sector Investment and Innovation Program (FSIIP) provides funding for strategic investments in the forest sector that:- Improve productivity and innovation
- Enhance competitiveness
- Support new market access
- Provide benefits to Ontario’s broader forest sector
- Strengthen regional economies
Business Project Eligibility
Support is available for projects with at least $3 million in eligible costs undertaken by for-profit manufacturers and processors of wood and forest biomass across Ontario, including:- Saw mills
- Pulp and paper mills
- Secondary wood manufacturers
- Bio-economy projects
Business Funding Amounts
- You can receive funding support of up to 30% of eligible costs in the form of a performance-based loan (of which, up to 50% may be forgivable)
- 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
Selection Process
To be selected for funding, projects must demonstrate strong alignment with the program’s objectives, which are to:- Enhance productivity and competitiveness
- Increase innovation
- Create greater market access for Ontario firms
- Improve the competitiveness of Ontario’s broader forest sector
- Strengthen regional economies
Funding is approved through a competitive rounds-based process. Although a project may meet all program objectives and criteria, there is no guarantee it will be approved, as there may be other projects submitted that more effectively meet program objectives and criteria.
If you think you have an upcoming project that may qualify for funding, the Funding Specialists at GrantMatch can help you successfully navigate this program's competitive application process.
