The Ontario government is boosting funding to the Skills Development Fund Training Stream to the tune of $260 million.
The province made the announcement last week and it's aimed at tackling a labour shortage.
“This will be the largest round of funding since the SDF (Skills Development Fund) Training Stream was launched in 2021 and brings Ontario’s total investment through the fund to up to $1.4 billion,” the province said in a news release.
The fifth round of the SDF Training Stream opens July 29 “to address challenges for recruiting, training and upskilling workers for in-demand sectors such as manufacturing, construction and technology.”
“Organizations eligible for funding include employers, employment service, training providers, labour unions, community organizations, business and industry organizations, municipalities, hospitals, Indigenous Band offices, Indigenous skills and employment training agreement holders and service system managers,” the province said.
SDF Training Stream applications will be reviewed on an ongoing basis until Oct. 4, the province said. Interested organizations can apply through Transfer Payment Ontario and send inquiries to skillsdevelopmentfund@ontario.ca.
SDF comprises two streams: the Training Stream supports hiring, training, and upskilling programs for jobseekers, apprentices, and workers; and the Capital Stream supports upgrades or construction of training centres for the skilled trades.
