Ontario Investing Over $74 Million Through Next Round of Skills Development Fund Capital Stream

The Ontario government is launching the second round of its Skills Development Fund (SDF) Capital Stream starting November 29, 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. The government is also investing nearly $5 million from the first round of the SDF Capital Stream with the International Union of Operating Engineers (IUOE) to build a new crane training facility for over 1,600 workers in Barrie. 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.

Building on the success of the SDF Capital Stream announced in 2023, Ontario will open a second round on 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.

The announcement was made in Oro-Medonte, where the government is investing nearly $5 million in the International Union of Operating Engineers (IUOE) to build a new crane training facility, led by the Operating Engineers Training Institute of Ontario (OETIO). The SDF Capital Stream investment from round one will help build a new crane training facility focused on training apprentices in mobile and tower crane operation, as well as heavy equipment. This modern and high-tech centre will include simulation labs, workshops and an outdoor training area for tower cranes, in addition to classrooms, offices and a cafeteria. This full-service training facility will train over 1,600 jobseekers – including youth, Indigenous peoples and newcomers – and foster innovation, while helping to build a talent pipeline for the construction industry in the region and across Ontario.