Invest North – Grow

The Invest North Program is designed to boost economic growth in Northern Ontario by encouraging businesses to invest in transformative, strategic and complementary business development opportunities in Northern Ontario communities. The program will support productivity, innovation, business competitiveness, revenue growth, export capacity development, job creation and retention.

The Grow program is designed to assist with the growth of existing businesses in Northern Ontario.

Funding

Funding can be provided through three options:

  • Up to 20% of eligible costs covered, with a maximum of $400,000, as a conditional contribution.
  • Up to 20% of eligible costs covered, with a maximum of $400,000, plus a loan for up to 30% of eligible costs, with a $600,000 limit.
  • A loan covering up to 50% of eligible costs, with a maximum of $1,000,000.

Not sure what you’re looking for? Get in touch with our agents for a 1-on-1 conversation about your project.

Eligibility

Businesses growing their existing business operations in Northern Ontario are eligible to apply.

Applications under the NOHFC’s Invest North – Grow stream will be evaluated in competitive rounds.

  • Round 1: Detailed business plan submission deadline April 30.
  • Round 2: Detailed business plan submission deadline July 31.
  • Round 3: Detailed business plan submission deadline October 31.
  • Round 4: Detailed business plan submission deadline January 31.

Before you begin, check if you fall within the eligible region of Northern Ontario.

What is eligible?

Eligible projects, activities and associated costs include, but are not limited to:

  • Building construction
  • Upgrading leased spaces
  • Buying new or used equipment
  • Land development costs
  • Investments in IT and communications
  • Marketing new products or businesses (up to 20% of eligible costs or $75,000)
  • Third-party training costs (up to 20% of project costs)

Funding for each project is determined by the NOHFC Board of Directors, and limited funding is available. Not all projects meeting the criteria will necessarily receive funding.

What is not eligible?

Project costs that are not eligible include, but are not limited to:

  • Retail and consumer service businesses that primarily earn revenue by providing products and services directly to individuals
  • Ongoing operating costs including maintenance
  • In-kind contributions
  • Restructuring or refinancing of existing business operations
  • Accommodation & food service businesses
  • Land purchase/lease
  • Working capital

For a more comprehensive list of ineligible project costs, view our full program guidelines.

Process

Applications to the Northern Ontario Heritage Fund Corporation take the following path:

Apply

Submit your application and we’ll review it and make sure your project meets our program guidelines.

Evaluation

We’ll get some additional information on your project and review it in greater detail.

Decision

We’ll share our review with our board of directors, who will make the final decision on your application.

Documents

Use the following documents to guide you through the application process:

Download Brochure

Program Success Story

The Tasty Venture

How Fromagerie Kapuskoise transformed a residential home into a cheese factory.

While visiting China in 2011, Francois Nadeau was surprised to learn that it was hard to find cheese — something he loved to eat — in the country.

Help & FAQ

If accomodations are not eligible, are tourism businesses potentially eligible?2024-09-10T12:51:30-04:00

Many tourism businesses offering accommodation may qualify for the program. This includes businesses that are destinations for local, regional, and international visitors who stay for longer periods (like remote outfitters or family vacation resorts). However, businesses that mainly provide overnight stays for travelers (like hotels and motels) are not eligible.

Can I submit more than one application to the Grow program at a time?2024-09-10T12:21:37-04:00

No.

Can I re-submit my application if I am not successful in a funding round?2024-09-10T12:21:14-04:00

Yes. You can reapply in one future round to have your decision reconsidered. Contact a Northern Development Advisor to get help with re-applying.

Are projects that develop land for re-sale or lease eligible under the Invest North program?2024-11-23T14:24:44-05:00

No, commercial and industrial land or building development is not eligible under the Invest North program. This includes things like:

  • Building infrastructure to lease or sell
  • Developing commercial or industrial land
  • Projects that only cover site servicing or site development costs
Are professional service businesses eligible for funding under this program?2024-11-23T14:50:16-05:00

Yes, professional service businesses, as defined by NOHFC, are eligible for funding under this program, where the new business is starting operations in a small community with no existing full-time service provider or no reasonable access to those services is available within an adjacent urban centre. Your proposal must demonstrate how the additional service offering will improve quality of life.

Do I have to work at my business on a full-time basis to receive NOHFC assistance?2024-09-09T19:57:59-04:00

Business owners must work at their business on a full-time basis.

Are beverage alcohol manufacturing companies, including spirit distilleries, breweries, wineries and cideries, eligible for support under NOHFC’s Launch, Grow or Locate programs?2024-09-10T12:12:44-04:00

No, beverage alcohol manufacturing companies are not considered eligible under NOHFC’s INVEST North – LaunchGrow or Locate programs. However, Ontario’s Ministry of Agriculture, Food and Rural Affairs has a number of resources available on their website in support of beverage manufacturing in Ontario.

Will I need to hire a lawyer?2024-10-30T14:42:25-04:00

In most cases, the decision to hire a lawyer rests with you. However, where NOHFC funding is provided by way of a secured loan or a secured loan and conditional contribution, you will need to hire a lawyer to represent you on the transaction. Your lawyer will need to provide a legal opinion to NOHFC and conduct certain other legal work required to complete the transaction.

Not sure what you’re looking for? Get in touch with our agents for a 1-on-1 conversation about your project.

2024-11-25T10:57:09-05:00
Go to Top