Operating Grant Program
Highlights
This program is designed for you if you run a child care center or family child care service. It offers significant financial support to help you provide affordable child care. By participating, you can lower your rates to $10 per day for children of various age groups, making your services more accessible to families.
Key Benefits:
- Financial Support: Receive grants to offset operational costs.
- Affordable Rates: Offer child care at $10 per day, attracting more families.
- Sustainability: Ensure long-term viability with consistent funding.
Why Apply?
- Ease of Qualification: The program is designed to be accessible and straightforward.
- Government-Backed: Enjoy the security of a government-supported initiative.
- Community Impact: Play a vital role in supporting families and early childhood development in your area.
Applying for this program can enhance your business's financial stability and community reputation, making it a win-win for you and the families you serve.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Lowering child care rates to $10 per day for Infant, Toddler, Preschool, and Full-Day School-Age children.
- Operational costs for regulated child care services, including child care centres and family homes.
Use of Funds:
- Funds cannot be used for capital expenditures such as building renovations or purchasing new facilities.
- Funds cannot be used for non-child care related expenses.
Repayment Terms:
- As this is a grant, there are no repayment terms or interest rates.
Fees:
- There are no fees associated with applying for or receiving this grant.
Qualifications
- Must be a regulated child care service (child care centres and family homes).
- Must be located in Newfoundland and Labrador.
Must agree to lower their rates to $10 per day for Infant, Toddler, Preschool, and Full-Day School-Age children starting January 1, 2023.
Disqualifications:
- Child care services not regulated.
- Child care services not located in Newfoundland and Labrador.
- Child care services unwilling to lower their rates to $10 per day.
Description
This program helps make child care more affordable for families in Newfoundland and Labrador. Starting January 1, 2023, child care services that participate in this program must lower their rates to $10 per day for infants, toddlers, preschoolers, and full-day school-age children.
Your business can receive financial support through this program to help cover the costs of providing child care at these reduced rates. This means you can maintain high-quality services without financial strain.
There is no payback period for this funding, as it is a grant, not a loan. This makes it a great opportunity for your business to offer affordable child care while receiving financial assistance.
Program Steps
Gather Necessary Documentation: Prepare the following documents to complete your application:
- Business registration details
- Financial statements
- Business plan
- Proof of regulated child care service status
- Enrollment statistics
- Wage grid details
Complete the Application Form: Fill out the OGP Application and Renewal Form. Ensure all sections are completed accurately.
Submit the Application: Send the completed application form and all required documents to the appropriate regional OGP email address:
- Metro: [email protected]
- Central East: [email protected]
- Western: [email protected]
- Labrador: [email protected]
Await Confirmation: Wait for confirmation from the OGP team that your application has been received and is under review.
Respond to Inquiries: Be prepared to provide additional information or clarification if requested by the OGP team.
Receive Approval and Funding: Upon approval, you will receive details on the grant amount and disbursement schedule. Ensure you understand the terms and conditions of the grant.
Implement Changes: Use the grant funds to lower child care rates to $10 per day as required by the program.
Maintain Compliance: Continue to meet all program requirements and submit any necessary follow-up documentation or reports as specified by the OGP guidelines.