Canadian Manufacturers & Exporters will add to the legacy of the CME SMART funding program this fall with a new $25 million Green SMART fund for small- and medium-sized manufacturers, in partnership with the Ontario government. Since 2008, CME SMART has administered $65 million in direct funding to more than 1,200 manufacturing companies across Ontario.
The new SMART green funding program will provide assistance to Ontario’s small- and medium-sized manufacturers to reduce greenhouse gas (GHG) and improve their energy efficiency and productivity. The program, as have past SMART funding rounds, will improve the competitiveness of the Ontario manufacturing supply chain delivering value not just to the SME-eligible manufacturers, but, also large manufacturers.
This new program will be delivered with the same methodology as the current SMART program. The program launch is planned for the fall of 2016.
More details will be available in the coming months.