Business Growth and Competitiveness in Northern Ontario

For Northern Ontario manufacturers and resource-based businesses looking to modernize, scale, or compete in new markets, access to growth capital can be a major constraint. The Business Growth and Competitiveness in Northern Ontario program is designed to help address that gap by supporting strategic projects that strengthen productivity, expand capacity, and improve long-term competitiveness across the region. Delivered by the Federal Economic Development Agency for Northern Ontario (FedNor), the program focuses on investments that help small and medium-sized businesses move beyond maintenance and into meaningful growth.

This initiative is particularly relevant for incorporated SMEs, including Indigenous-owned businesses, operating in sectors such as mining supply and services, forestry, clean technology, bioeconomy, advanced manufacturing, and agri-food. Supported projects often involve upgrading equipment, improving operational or management processes, adopting new technologies, or pursuing export and market expansion opportunities. Funding is typically structured as a repayable contribution and is designed to cover a portion of eligible project costs, often up to around half, based on what is needed to move the project forward. Because demand is high and budgets are limited, early discussions with FedNor are encouraged before applying.

For businesses with a solid operating history and a clear plan to grow in Northern Ontario, this program can play a key role in making larger, growth-focused investments more achievable. Exploring the full program details can help determine whether your project is a strong fit.