Ontario pumping CAD 215 million into its shipbuilding sector

Photo: Ontario Shipyards

The Ontario government is investing CAD 215 million (about USD 184 million) to support shipbuilding and the broader marine sector in the province, including through the establishment of a CAD 15 million Ontario Shipbuilding Grant Program (OSGP) to expand the province’s shipbuilding sector.

The support provided through the grant program will position Ontario to support Canada’s National Shipbuilding Strategy and support Ontario manufacturing businesses and workers in the face of U.S. tariffs and economic uncertainty. It will fund projects that support skills training, infrastructure improvements and the purchase of machinery and equipment in the shipbuilding sector.

“With our NATO allies meeting this week, Ontario workers are ready to step up and build the ships that will protect Ontario and Canada,” said Ontario’s Minister of Transportation, Prabmeet Sarkaria, “As the federal government increases its defense commitment to meet our NATO spending targets, our government is ensuring Ontario workers and businesses have the skills and equipment they need to help. Now, it’s