Government Improves Forest Industry Support Program

© Can Stock Photo / Pavels

Building Ontario Together with More Transparent, User-Friendly Program

By / Ministry of Natural Resources and Forestry

POWASSAN — The Ontario government is helping the forest sector grow and supporting communities across the province by redesigning a key forestry support program to make it more streamlined, transparent and user-friendly.

John Yakabuski, Minister of Natural Resources and Forestry, was joined by Vic Fedeli, Minister of Economic Development, Job Creation and Trade, to announce the new Forest Sector Investment and Innovation Program (formerly the Forestry Growth Fund), which will provide up to $10 million per year in funding over five years.

“We have a plan to create the right conditions to help the forestry industry innovate and create jobs and prosperity for communities across the province,” said Minister Yakabuski. “By transforming the program, we’re making it easier for more forestry businesses to apply and get access to funding.”

The program will put more emphasis on the impact a project can have on a region and on Ontario’s overall forest sector, while still considering key outcomes such as jobs, innovation, and productivity or product enhancements. The objective of the program will be to support strategic projects that improve productivity and innovation, enhance competitiveness, support new market access, and strengthen supply chains and regional economies.

read more >>