Grants for Automotive

Career Ready Fund’s Auto Stream 2019-20

Amount: Total available funding for the competition is $14 million.

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RapidSkills 2019-20

Amount: Total available funding for the pilot is $3M. MLTSD (Ministry of Labour, Training and Skills Development) expects that individual Projects will not require more than $300,000 total in funding for partnership development, program development, and administration. Reasonable upward adjustments may be negotiated where the application provides a strong, demonstrated rationale for additional funding based on the nature of the proposal. The funding will be allocated based on eligible costs and through a competitive process based on the evaluation of the proposals. MLTSD reserves the right to set limits on the amount of funding an Applicant will receive.

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Ontario Automotive Modernization Program

Amount: 50% of eligible costs up to a maximum of $100,000

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Climate Action Incentive Fund (CAIF) (Temporarily Unavailable)

Amount: $250,000 per project ($20,000 minimum)

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Strategic Innovation Fund (SIF)

Amount: up to 50% of eligible costs

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Automotive Supplier Innovation Program (ASIP)

Amount: Up to $10,000,000.

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Scientific Research & Experimental Development Tax Credit (SR&ED)

Amount: Up to $3,000,000

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Automotive Innovation Fund (AIF)

Amount: Up to $75,000,000. Repayable.

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