FedNor — Targeted Manufacturing Initiative for Northern Ontario - Productivity Improvements

💡What Is This Program?

🎁What Benefits Are Offered?

Repayable assistance for existing Northern Ontario manufacturers to upgrade and improve capital equipment and manufacturing processes, enhancing competitiveness and productivity. Contribution up to 33% of eligible capital costs and up to 50% of eligible non-capital costs.

📋What Are the Application Steps & Timeline?

📝Steps to ApplySource

• Contact a FedNor officer to discuss your project
• Create an account on the FedNor Portal
• Submit your application through the FedNor Portal

🌐Application PortalSource

https://fednor.canada.ca/en/client-portal

📤Submission MethodSource

online

🔄Intake TypeSource

rolling

📄What Documents Are Required?

✅Required DocumentsSource

• A work plan detailing the productivity improvement or the equipment upgrade
• Evidence of capacity to implement the project, including financial statements for the past three years
• Details on how the proposed project will benefit business operations, supported by reasonable forecast results

💰What Expenses Are Eligible?

🧾Eligible ExpensesSource

• plant equipment purchases
• digital hardware and software
• installation and commissioning of new equipment
• training on the use of new equipment
• implementation of recommendations from an Operational Assessment
• modernizing the production facility through upgrades to existing production equipment

🚫Ineligible ExpensesSource

• land
• building
• vehicles
• marketing
• studies
• overhead
• depreciation
• salaries
• costs incurred prior to eligibility date

📏Expense CapsSource

FedNor will contribute up to 33% of eligible capital costs and up to 50% of eligible non-capital costs.

💳Payment ModelSource

reimbursement

⏪Retroactive Expenses EligibleSource

No

🤝Is Matching Funding Required?

🔀Matching RequiredSource

Yes

📊Matching RatioSource

67% minimum

🏦Eligible Matching SourcesSource

• cash
• in-kind

📚Stacking Rules

Not specified

🛡️Proof of Matching RequiredSource

Evidence of capacity to implement the project, including financial statements for the past three years.

📊What Are the Reporting Requirements?

🗓️Reporting FrequencySource

final only

📑Reporting RequirementsSource

• work plan detailing productivity improvement
• financial statements for the past three years
• interim financial statements if applicable
• evidence of capacity to implement the project
• details on how the project will benefit business operations

🔍Audit RequirementsSource

Costs will not be considered eligible for reimbursement unless written consent is provided by FedNor.

📢Branding RequirementsSource

Applicants must acknowledge funding and recognize the Government of Canada.

🗄️Record Retention PeriodSource

3 years