Ontario Invests $260M to Boost Training Funds

The Ontario government is making a significant move to bolster its workforce and stimulate economic growth by announcing an additional investment of up to $260 million through the Skills Development Fund (SDF) Training Stream. This substantial funding addresses labor shortages and equips workers with the skills needed to thrive in high-demand industries such as manufacturing, construction, and technology.

Since 2021 Ontario’s SDF Training Stream has supported the training of nearly 600,000 workers in high-demand sectors, including more than 66,000 construction workers, over 92,000 manufacturing workers, and over 36,000 personal support workers and healthcare professionals.

Strategic Response to Labor Shortages

With the launch of the fifth round of SDF Training Stream funding on July 29, 2024, Ontario is taking a proactive approach to workforce development. This new investment marks the largest funding round since the program’s inception in 2021, bringing the total commitment to up to $1.4 billion. By targeting sectors crucial to Ontario’s economic future, the government is ensuring that businesses have access to a skilled workforce ready to meet the demands of today and tomorrow.

“Our government’s commitment to the Skills Development Fund is creating pathways for Ontarians to secure better jobs with bigger paycheques. These investments are not just about filling jobs; they are about creating opportunities for prosperity in communities across the province.”

Premier Doug Ford

Local Impact in Kitchener and Beyond

In a move that underscores the importance of regional development, the Ontario government also announced an investment of over $7.2 million to train nearly 3,300 workers in Kitchener and surrounding areas. This local focus aligns with the broader goal of enhancing Ontario’s workforce across all regions.

Key projects include:

• Canadian Tooling and Machining Association: With an investment of $5.5 million, this project will provide technical skills development for over 3,000 high school students and create new apprenticeships across Ontario’s precision metalworking industry.
• Grand Valley Construction Association: Receiving over $1 million, this initiative will deliver job-ready training in construction trades and offer health and safety training. The program is designed to support underrepresented groups and facilitate paid job placements.
• Christian Labour Association of Canada: With $723,688 in funding, this project will focus on training and paid job placements in construction, catering to underserved groups such as women, Indigenous people, and newcomers.

“Waterloo Region is growing, and I am pleased that our government is supporting our workers right here in Kitchener with this $7.2 million investment through the Skills Development Fund. I know that tackling the labour shortage has been at the forefront of our minds and I see this funding as a crucial step in addressing those concerns“

Mike Harris, MPP for Kitchener – Conestoga

Encouraging Entrepreneurial Engagement

The Skills Development Fund represents a strategic investment in Ontario’s economic future. As labor market demands evolve, so does the need for innovative training solutions that prepare workers for the challenges ahead. By opening new rounds of funding, the Ontario government is inviting organizations across the province to participate in this growth, offering a pathway for businesses to invest in their workforce.

Cover Your Training Costs!

The Ontario government’s investment in the Skills Development Fund is more than just a financial commitment; it’s a call to action for businesses, training providers, and community organizations to engage in building a stronger, more resilient workforce. By taking advantage of these funding opportunities, organizations can not only meet their immediate staffing needs but also contribute to the long-term economic health of their communities.

At Mentor Works, A Ryan Company, we help you secure government funding for training programs. Eligible business can receive up to 50-83% cost coverage across training programs, and there are plenty of program options! Contact us to learn more and determine your eligibility.

With different training grants opening and closing throughout the year, it is crucial to write your applications early to ensure funding success. Our guide on When to Apply for Funding is designed to help support your team plan your funding strategy and ensure you never miss a deadline. Download a free copy today!