ONTARIO NEWS RELEASE: Applications Now Open for Next Round of Skills Development Fund
NEWS RELEASE
Applications Now Open for Next Round of Skills Development FundOntario investing over $74 million through next round of Skills Development Fund Capital Stream to train workers in construction, manufacturing, technology and health care November 29, 2024 |
TORONTO — Today, the Ontario government has launched the second round of its Skills Development Fund (SDF) Capital Stream, with over $74 million in available funding to build, expand and retrofit training facilities for workers in the trades, including construction, manufacturing, technology and health care. Since the province launched the Skills Development Fund in 2021, Ontario is building training facilities and providing training programs that are projected to support over one million workers across the province. “Our government has an ambitious plan to build Ontario – from new housing that families can call home, to highways and public transit connecting our communities, to clean energy projects powering our economy,” said David Piccini, Minister of Labour, Immigration, Training and Skills Development. “With a new, second round of our Skills Development Fund Capital Stream, we are going to kick Ontario’s training capacity into high-gear, training over one million workers for in-demand careers in every corner of Ontario.” Building on the success of the SDF Capital Stream announced in 2023, Ontario opened a second round today, November 29, 2024, with an enhanced, streamlined application process that includes a new SEED pathway to help with the upfront costs of developing construction proposals, such as design drawings and technical plans. This addresses the needs of businesses and training providers who may lack the in-house capacity to develop complex construction plans. As a further improvement, the Capital Stream will now also accept funding proposals all year round, which enables faster application reviews. This new funding round brings Ontario’s total investment through the Skills Development Fund to up to $1.4 billion. As Ontario continues to grow, the SDF will help ensure skilled workers are trained and ready to enter rewarding careers in in-demand sectors in the province. |
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Media ContactsMichel Figueredo Media Relations |