OTF — Capital Grant
Highlights
This program offers you financial support that can range from $10,000 to $200,000 to improve your community facilities and spaces in Ontario. You can use the funds for a variety of projects, such as repairing buildings, enhancing outdoor areas, and purchasing essential equipment. There’s no repayment required, which means your business can focus on growth without the burden of debt. Additionally, you have up to 12 months to complete your project, giving you the flexibility to plan effectively.
By applying for this grant, you are not just investing in your business; you are also making a positive impact on your community. Improved facilities can lead to increased engagement and better services, ultimately benefiting those who depend on you. This is a valuable opportunity to create lasting changes that amplify your mission while strengthening your organization's capacity. Don't miss out on the chance to elevate your operations and enhance your community simultaneously.
Financing Details
Type of Financing
This program offers a grant. Grants do not need to be repaid, which means you can use the funds without the worry of debt hanging over your business. The amount available ranges from $10,000 to $200,000.
Repayment Terms and Eligible Expenses
Since this is a grant, there are no repayment terms or interest rates to worry about. The funds can be used for various expenses related to improving community facilities. Eligible expenses include:
- Repairing, renovating, or retrofitting facility structures
- Enhancing outdoor spaces
- Purchasing necessary fixed and non-fixed equipment
Restrictions and Fees
The grant cannot be used for personal expenses, emergency repairs, or any non-eligible projects that do not improve community facilities. Additionally, there are no application fees associated with this program, making it easier for you to access the funds without any hidden costs.
Qualifications
- Location: Must be operating in Ontario.
- Eligible Sectors: Must be a non-profit organization, small municipality, or Indigenous community.
- Minimum Employees: No minimum number of employees required.
- Maximum Employees: No maximum number of employees required.
- Minimum Revenue: No minimum revenue qualifications.
- Maximum Revenue: No maximum revenue qualifications.
- Legal Structure: All legal structures are applicable.
- Profit Structure: Must be not for profit.
Disqualifications:
- For-profit businesses are not eligible.
Description
The Capital Grant offers you financial support ranging from $10,000 to $200,000 to boost your community facilities and spaces in Ontario. This funding can be used for various projects like renovating buildings, enhancing outdoor areas, and purchasing essential equipment.
With this program, you can work on your projects over a period of up to 12 months. This means you have the flexibility to plan and execute your improvements without the pressure of immediate deadlines. There’s no payback required for this grant, allowing your business to focus on growth without worrying about debt repayment.
By participating, you not only enhance your business but also contribute positively to your community. This funding is an excellent opportunity to create lasting improvements that benefit your organization and those who rely on your services.
Program Steps
Identify Your Project
Decide on the improvements you want to make to your community facilities. This could include renovations, outdoor enhancements, or essential equipment purchases.Prepare the Required Documentation
Gather the necessary documents for your application. You will likely need:- A project proposal outlining your planned improvements
- A budget detailing how the funds will be spent
- Any relevant permits or approvals for construction or renovations
- Photos or plans of the current facility or space
Complete the Application Form
Fill out the application form with accurate information about your business and the project. Make sure to highlight how your project will benefit the community.Submit Your Application
Ensure that all documents are attached, then submit your application through the appropriate channel.Follow Up on Your Application
After submission, keep track of your application status. Check in with the program contact if you have not received any updates within a few weeks.Plan Your Project Timeline
Once approved, create a timeline for your project, ensuring it aligns with the 12-month period provided for project completion.Implement Your Project
Begin your project as planned, making sure to keep good records of your expenditures and progress.Report on Project Outcomes
After completing your project, prepare any required reports or documentation that showcase the results and impact on the community.
